Delta Air Lines, Inc. $DAL Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 13.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 46,293 shares of the transportation company’s stock after selling 7,308 shares during the period. Independent Advisor Alliance’s holdings in Delta Air Lines were worth $3,213,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DAL. AlphaQuest LLC grew its stake in shares of Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after acquiring an additional 211 shares during the last quarter. Accredited Wealth Management LLC grew its stake in shares of Delta Air Lines by 1,983.3% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after acquiring an additional 476 shares during the last quarter. SWAN Capital LLC increased its stake in Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 508 shares in the last quarter. Camelot Portfolios LLC acquired a new position in Delta Air Lines during the 4th quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC increased its stake in Delta Air Lines by 451.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 429 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.5%

DAL stock opened at $71.08 on Thursday. The firm’s fifty day simple moving average is $66.67 and its 200-day simple moving average is $66.59. The company has a market capitalization of $46.70 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. Delta Air Lines, Inc. has a 12 month low of $45.28 and a 12 month high of $76.39.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 5.26 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.

Insider Activity at Delta Air Lines

In related news, EVP John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $68.15, for a total transaction of $4,723,067.60. Following the completion of the transaction, the executive vice president directly owned 69,369 shares in the company, valued at approximately $4,727,497.35. This trade represents a 49.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alain Bellemare sold 20,621 shares of Delta Air Lines stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $72.75, for a total value of $1,500,177.75. Following the transaction, the executive vice president owned 120,025 shares of the company’s stock, valued at approximately $8,731,818.75. This represents a 14.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 204,925 shares of company stock worth $14,323,395. 0.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on DAL shares. Wolfe Research cut their price target on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Rothschild & Co Redburn reduced their target price on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Evercore reaffirmed an “outperform” rating and set a $85.00 price target on shares of Delta Air Lines in a research report on Friday, April 17th. The Goldman Sachs Group lifted their price target on Delta Air Lines from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Delta Air Lines in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.76.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.