Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Strs Ohio

Strs Ohio reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,439 shares of the transportation company’s stock after selling 9,746 shares during the period. Strs Ohio’s holdings in Delta Air Lines were worth $10,115,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Candriam Luxembourg S.C.A. acquired a new position in shares of Delta Air Lines during the 1st quarter valued at $502,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Delta Air Lines by 495.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock worth $25,000 after purchasing an additional 570 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after buying an additional 575 shares during the period. Tyler Stone Wealth Management acquired a new stake in shares of Delta Air Lines in the second quarter valued at about $36,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the sale, the chief executive officer now directly owns 428,768 shares in the company, valued at approximately $16,807,705.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Susquehanna upped their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Bank of America boosted their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Stock Up 2.9 %

Shares of Delta Air Lines stock opened at $47.88 on Thursday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $49.81. The stock has a market capitalization of $30.90 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.70 and a beta of 1.43. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The business’s 50 day simple moving average is $43.87 and its 200-day simple moving average is $39.58.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. Equities research analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were paid a $0.10 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. Delta Air Lines’s payout ratio is currently 5.14%.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.