Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 152,165 shares of the transportation company’s stock after selling 7,074 shares during the quarter. Corient Private Wealth LLC’s holdings in Delta Air Lines were worth $9,206,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sanders Capital LLC grew its position in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after buying an additional 749,099 shares during the last quarter. Geode Capital Management LLC grew its position in Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after buying an additional 416,338 shares during the last quarter. Pzena Investment Management LLC acquired a new position in Delta Air Lines in the third quarter worth approximately $281,206,000. Castle Hook Partners LP acquired a new position in Delta Air Lines in the third quarter worth approximately $189,296,000. Finally, Charles Schwab Investment Management Inc. grew its position in Delta Air Lines by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,597,589 shares of the transportation company’s stock worth $217,654,000 after buying an additional 100,102 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the topic of several recent research reports. Susquehanna lifted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays decreased their price objective on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. UBS Group decreased their price objective on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Finally, Citigroup decreased their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and an average price target of $76.29.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the sale, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,886 shares of company stock valued at $11,116,463. Insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 4.0 %

Shares of NYSE:DAL opened at $47.78 on Thursday. The firm has a fifty day moving average of $61.50 and a two-hundred day moving average of $58.07. The firm has a market capitalization of $30.89 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data 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. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the previous year, the business earned $1.28 EPS. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is presently 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.