Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,475 shares of the transportation company’s stock after selling 765 shares during the period. Hartford Investment Management Co.’s holdings in Delta Air Lines were worth $2,388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of DAL. Certuity LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth $212,000. Schear Investment Advisers LLC increased its position in shares of Delta Air Lines by 6.1% in the 4th quarter. Schear Investment Advisers LLC now owns 26,522 shares of the transportation company’s stock valued at $1,605,000 after acquiring an additional 1,536 shares during the period. Portfolio Design Labs LLC purchased a new position in Delta Air Lines in the 4th quarter worth $223,000. Compound Global Advisors LLC purchased a new stake in Delta Air Lines during the 4th quarter valued at about $363,000. Finally, Savant Capital LLC increased its holdings in shares of Delta Air Lines by 4.1% in the fourth quarter. Savant Capital LLC now owns 84,590 shares of the transportation company’s stock valued at $5,118,000 after purchasing an additional 3,354 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research reports. Barclays boosted their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Jefferies Financial Group increased their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. TD Cowen upped their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. UBS Group reissued a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $78.22.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Price Performance

NYSE:DAL opened at $64.09 on Friday. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The stock has a market cap of $41.36 billion, a PE ratio of 12.02, a P/E/G ratio of 0.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The stock has a 50 day moving average price of $64.15 and a 200 day moving average price of $55.31.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.28 EPS. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.94%. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.26%.

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.