Delta Air Lines, Inc. (NYSE:DAL) Stake Lowered by Investors Research Corp

Investors Research Corp reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 45.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,575 shares of the transportation company’s stock after selling 3,743 shares during the period. Investors Research Corp’s holdings in Delta Air Lines were worth $277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DAL. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines during the 4th quarter worth $27,000. Roxbury Financial LLC bought a new stake in Delta Air Lines in the fourth quarter valued at about $29,000. Hemington Wealth Management lifted its position in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares in the last quarter. Crews Bank & Trust acquired a new position in Delta Air Lines in the fourth quarter valued at approximately $30,000. Finally, Modus Advisors LLC acquired a new stake in Delta Air Lines in the fourth quarter worth $33,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DAL shares. UBS Group reissued a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barclays increased their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Susquehanna lifted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Fourteen analysts have rated the stock with a buy rating and one has given 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 $78.22.

Delta Air Lines Trading Down 5.6 %

Shares of Delta Air Lines stock opened at $50.28 on Tuesday. The firm has a market capitalization of $32.50 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm’s 50 day moving average is $63.47 and its 200 day moving average is $57.95. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 EPS. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the sale, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at $3,425,478.21. The trade was a 41.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 in the last ninety days. 0.96% of the stock is currently owned by insiders.

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.