Simplicity Solutions LLC Sells 355 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Simplicity Solutions LLC lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,814 shares of the transportation company’s stock after selling 355 shares during the quarter. Simplicity Solutions LLC’s holdings in Delta Air Lines were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Candriam Luxembourg S.C.A. purchased a new stake in shares of Delta Air Lines in the 1st quarter worth about $502,000. Migdal Insurance & Financial Holdings Ltd. raised its stake 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 worth $25,000 after buying an additional 570 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings 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 worth $29,000 after buying an additional 575 shares during the period. Tyler Stone Wealth Management bought a new stake in Delta Air Lines during the 2nd quarter valued at approximately $36,000. Finally, Coppell Advisory Solutions Corp. purchased a new position in shares of Delta Air Lines during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 0.6 %

Delta Air Lines stock opened at $47.57 on Friday. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $49.81. The business’s fifty day moving average is $44.16 and its 200 day moving average is $39.72. The stock has a market capitalization of $30.70 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

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

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.84%. Delta Air Lines’s dividend payout ratio (DPR) is currently 5.14%.

Insider Buying and Selling

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 stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DAL. Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Bank of America increased their price target on shares of 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 raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Morgan Stanley restated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a report on Thursday, April 11th. Finally, UBS Group began coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price for the company. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $58.29.

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.