Federated Hermes Inc. Decreases Stake in Delta Air Lines, Inc. (NYSE:DAL)

Federated Hermes Inc. lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,049,317 shares of the transportation company’s stock after selling 87,079 shares during the period. Federated Hermes Inc. owned about 0.16% of Delta Air Lines worth $42,214,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DAL. Candriam Luxembourg S.C.A. purchased a new position in Delta Air Lines in the first quarter valued at $502,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 570 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 575 shares in the last quarter. Tyler Stone Wealth Management purchased a new position in shares of Delta Air Lines during the second quarter worth about $36,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of Delta Air Lines during the fourth quarter worth about $28,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Bank of America upped their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Susquehanna upped their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $58.29.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Delta Air Lines Stock Down 0.6 %

DAL stock opened at $47.57 on Friday. 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 company’s 50-day moving average price is $44.16 and its 200 day moving average price is $39.72. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $49.81. The company has a market cap of $30.70 billion, a P/E ratio of 6.11, a P/E/G ratio of 0.71 and a beta of 1.43.

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

Delta Air Lines Dividend Announcement

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

About Delta Air Lines

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.