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

EP Wealth Advisors LLC cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,825 shares of the transportation company’s stock after selling 1,602 shares during the period. EP Wealth Advisors LLC’s holdings in Delta Air Lines were worth $1,986,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DAL. Vanguard Group Inc. increased its holdings in Delta Air Lines by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock valued at $4,380,820,000 after purchasing an additional 456,465 shares during the last quarter. Sanders Capital LLC lifted its stake in Delta Air Lines by 6.9% during the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company’s stock worth $1,800,754,000 after acquiring an additional 1,922,932 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Delta Air Lines by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company’s stock valued at $968,234,000 after acquiring an additional 410,648 shares during the period. Capital World Investors grew its position in Delta Air Lines by 0.3% in the 4th quarter. Capital World Investors now owns 15,180,467 shares of the transportation company’s stock valued at $918,419,000 after acquiring an additional 46,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Delta Air Lines by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company’s stock worth $670,994,000 after purchasing an additional 92,208 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Trading Down 0.5 %

DAL opened at $48.28 on Friday. 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, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The business’s 50 day moving average is $44.06 and its two-hundred day moving average is $56.38. The firm has a market cap of $31.52 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL) last announced its 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). The business had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines’s dividend payout ratio is currently 10.64%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Raymond James reduced their price target on Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 2nd. TD Cowen lifted their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, April 10th. Citigroup dropped their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Bank of America reduced their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Finally, StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Moderate Buy” and a consensus target price of $61.37.

Delta Air Lines 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.