LSV Asset Management Sells 320,938 Shares of Delta Air Lines, Inc. (NYSE:DAL)

LSV Asset Management decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,150,482 shares of the transportation company’s stock after selling 320,938 shares during the quarter. LSV Asset Management owned 0.49% of Delta Air Lines worth $190,604,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $27,000. Hemington Wealth Management grew its stake 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 valued at $28,000 after buying an additional 154 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $29,000. Crews Bank & Trust bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $30,000. Finally, Modus Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $33,000. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In related news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,886 shares of company stock valued at $11,116,463. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DAL. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday. TD Cowen increased their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. 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 lowered their target price on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a report on Monday. Finally, UBS Group lowered Delta Air Lines from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $77.00 to $42.00 in a report on Monday. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.63.

Delta Air Lines Stock Up 23.8 %

Shares of Delta Air Lines stock opened at $44.42 on Thursday. The business has a 50-day moving average of $53.48 and a 200-day moving average of $57.81. 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 company has a market capitalization of $28.72 billion, a PE ratio of 8.33, a P/E/G ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.35%. Delta Air Lines’s dividend payout ratio (DPR) 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.