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

LSV Asset Management trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 0.49% of Delta Air Lines worth $190,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $27,000. Hemington Wealth Management lifted its position 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 worth $28,000 after purchasing an additional 154 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $29,000. Crews Bank & Trust acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $30,000. Finally, Modus Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $33,000. 69.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

DAL has been the topic of a number of research reports. TD Cowen upped their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Jefferies Financial Group restated a “hold” rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Barclays cut their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday. Dbs Bank lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.63.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Rahul D. Samant sold 17,970 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were 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 in the company, valued at $2,479,212.12. This represents a 33.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Stock Up 23.8 %

Shares of NYSE DAL opened at $44.42 on Thursday. The company has a market capitalization of $28.72 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The company’s 50 day moving average price is $53.48 and its 200-day moving average price is $57.81.

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

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.35%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

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.