RWA Wealth Partners LLC Sells 299,906 Shares of Delta Air Lines, Inc. (NYSE:DAL)

RWA Wealth Partners LLC reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 96.7% during the 4th quarter, HoldingsChannel reports. The firm owned 10,079 shares of the transportation company’s stock after selling 299,906 shares during the quarter. RWA Wealth Partners LLC’s holdings in Delta Air Lines were worth $610,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Delta Air Lines by 16.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,571 shares of the transportation company’s stock worth $1,857,000 after buying an additional 5,046 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Delta Air Lines by 12.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,329,941 shares of the transportation company’s stock worth $67,548,000 after acquiring an additional 147,438 shares during the period. Captrust Financial Advisors raised its stake in Delta Air Lines by 6.0% during the 3rd quarter. Captrust Financial Advisors now owns 54,542 shares of the transportation company’s stock valued at $2,770,000 after purchasing an additional 3,106 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Delta Air Lines by 2,958.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 199,531 shares of the transportation company’s stock valued at $10,134,000 after purchasing an additional 193,008 shares during the period. Finally, Atom Investors LP acquired a new stake in Delta Air Lines in the 3rd quarter worth $950,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Down 2.8 %

Shares of NYSE:DAL opened at $42.38 on Wednesday. The company has a market capitalization of $27.40 billion, a PE ratio of 7.95, a P/E/G ratio of 0.75 and a beta of 1.34. 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 fifty day moving average is $57.98 and its 200-day moving average is $58.36. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 earnings per share. Equities research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued 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 1.42%. Delta Air Lines’s dividend payout ratio is 11.26%.

Insider Buying and Selling at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares in the company, 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. In the last quarter, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Barclays cut their price target 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. TD Cowen lifted their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. UBS Group cut their target price on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Finally, Citigroup decreased their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.29.

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.