Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 9.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,150,482 shares of the transportation company’s stock after selling 320,938 shares during the quarter. LSV Asset Management’s holdings in Delta Air Lines were worth $190,604,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines in the fourth quarter worth approximately $27,000. Hemington Wealth Management grew its position in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after buying an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new position in Delta Air Lines in the fourth quarter worth approximately $29,000. Crews Bank & Trust acquired a new position in Delta Air Lines in the fourth quarter worth approximately $30,000. Finally, Modus Advisors LLC purchased a new position in Delta Air Lines during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DAL shares. Raymond James lowered their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group lowered their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Bank of America lowered their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. UBS Group cut shares of Delta Air Lines from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $77.00 to $42.00 in a research report on Monday. Finally, Susquehanna lowered their price objective on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.63.

Delta Air Lines Stock Up 23.8 %

DAL stock opened at $44.42 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a fifty day simple moving average of $53.48 and a 200 day simple moving average of $57.81. The firm has a market cap of $28.72 billion, a PE ratio of 8.33, a PEG ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same period in the previous year, the firm posted $0.45 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

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

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the transaction, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at approximately $2,479,212.12. This represents a 33.36 % 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 valued at $11,116,463. Insiders own 0.96% of the company’s stock.

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.