Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 22.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,912 shares of the transportation company’s stock after selling 1,124 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Delta Air Lines were worth $237,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of Delta Air Lines by 3.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 404,638 shares of the transportation company’s stock valued at $20,552,000 after buying an additional 12,450 shares during the last quarter. Townsquare Capital LLC increased its position in Delta Air Lines by 2.6% in the third quarter. Townsquare Capital LLC now owns 44,735 shares of the transportation company’s stock worth $2,272,000 after buying an additional 1,143 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Delta Air Lines by 16.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,571 shares of the transportation company’s stock worth $1,857,000 after buying an additional 5,046 shares during the period. Public Sector Pension Investment Board boosted its stake in Delta Air Lines by 2.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 90,741 shares of the transportation company’s stock valued at $4,609,000 after purchasing an additional 2,500 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Delta Air Lines by 12.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,329,941 shares of the transportation company’s stock worth $67,548,000 after buying an additional 147,438 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 5.1 %

Shares of NYSE DAL opened at $43.80 on Friday. The firm has a market capitalization of $28.31 billion, a PE ratio of 8.22, a PEG ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. 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 business has a 50-day moving average price of $58.94 and a two-hundred day moving average price of $58.29.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share 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 firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the prior year, the business earned $1.28 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.37%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DAL shares. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Barclays lowered their price target on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. TD Cowen upped their price objective on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. UBS Group lowered their target price on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Finally, Citigroup cut their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $76.29.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the sale, the executive vice president now owns 35,889 shares of the company’s stock, valued at $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by corporate insiders.

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.