Physician Wealth Advisors Inc. Sells 1,124 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Physician Wealth Advisors Inc. trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 22.3% during the 4th quarter, HoldingsChannel reports. The fund owned 3,912 shares of the transportation company’s stock after selling 1,124 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Delta Air Lines were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $27,000. Hemington Wealth Management raised its holdings in shares of Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares during the last quarter. Roxbury Financial LLC bought a new position in Delta Air Lines in the fourth quarter valued at approximately $29,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines in the 4th quarter valued at about $30,000. Finally, Modus Advisors LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at about $33,000. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 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 note on Tuesday, January 7th. Barclays reduced their price objective on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Citigroup dropped their price target on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Finally, UBS Group decreased their price objective on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $76.29.

Delta Air Lines Trading Down 5.1 %

NYSE:DAL opened at $43.80 on Friday. Delta Air Lines, Inc. has a 52 week low of $37.29 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 firm’s fifty day moving average is $58.94 and its 200-day moving average is $58.29. The firm has a market cap of $28.31 billion, a P/E ratio of 8.22, a P/E/G ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the business posted $1.28 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. Equities analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by company insiders.

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.