EverSource Wealth Advisors LLC Sells 3,356 Shares of Delta Air Lines, Inc. (NYSE:DAL)

EverSource Wealth Advisors LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 40.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,856 shares of the transportation company’s stock after selling 3,356 shares during the period. EverSource Wealth Advisors LLC’s holdings in Delta Air Lines were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Sequoia Financial Advisors LLC grew its position in Delta Air Lines by 6.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,271 shares of the transportation company’s stock valued at $984,000 after acquiring an additional 997 shares during the last quarter. Glaxis Capital Management LLC bought a new stake in shares of Delta Air Lines during the 4th quarter valued at approximately $605,000. Independent Advisor Alliance lifted its stake in Delta Air Lines by 38.8% in the 4th quarter. Independent Advisor Alliance now owns 53,662 shares of the transportation company’s stock valued at $3,247,000 after purchasing an additional 15,009 shares during the last quarter. Johnson Investment Counsel Inc. boosted its position in Delta Air Lines by 165.9% in the fourth quarter. Johnson Investment Counsel Inc. now owns 10,682 shares of the transportation company’s stock valued at $646,000 after buying an additional 6,664 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Delta Air Lines by 13.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 46,849 shares of the transportation company’s stock worth $2,834,000 after acquiring an additional 5,451 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL opened at $46.60 on Friday. The stock has a 50-day moving average of $62.34 and a 200-day moving average of $57.96. Delta Air Lines, Inc. has a one year low of $37.29 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 company has a market cap of $30.12 billion, a PE ratio of 8.74, a P/E/G ratio of 0.75 and a beta of 1.34.

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, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th 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 1.29%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Insider Buying and Selling

In other news, EVP Rahul D. Samant sold 38,023 shares of the 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 completion of the sale, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, 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. Insiders have sold 162,886 shares of company stock worth $11,116,463 in the last quarter. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of a number of recent research reports. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Susquehanna upped their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group decreased their price objective on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Finally, Barclays lowered their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and a consensus price target of $76.60.

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.