Delta Air Lines, Inc. (NYSE:DAL) Stock Position Decreased by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 10.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 498,276 shares of the transportation company’s stock after selling 59,123 shares during the quarter. Federated Hermes Inc.’s holdings in Delta Air Lines were worth $30,146,000 as of its most recent SEC filing.

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

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. 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 Delta Air Lines stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,886 shares of company stock valued at $11,116,463. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 4.0 %

Shares of DAL stock opened at $35.80 on Wednesday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The stock has a fifty day moving average price of $54.42 and a 200 day moving average price of $57.92. The stock has a market cap of $23.14 billion, a P/E ratio of 6.72, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.28 EPS. Analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.68%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays cut their target price on shares of Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday. Bank of America dropped their price objective on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Susquehanna cut their price objective on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group lowered their target price on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.63.

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.