LSV Asset Management Lowers Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

LSV Asset Management cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.2% in the 4th quarter, HoldingsChannel reports. The firm owned 3,150,482 shares of the transportation company’s stock after selling 320,938 shares during the period. 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 bought and sold shares of the company. Donoghue Forlines LLC bought a new stake in Delta Air Lines during the fourth quarter valued at approximately $2,036,000. Geode Capital Management LLC raised its stake in shares of Delta Air Lines by 2.8% during the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after acquiring an additional 416,338 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new position in shares of Delta Air Lines during the fourth quarter worth approximately $3,593,000. Global Financial Private Client LLC raised its stake in shares of Delta Air Lines by 562.0% during the fourth quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company’s stock worth $681,000 after acquiring an additional 9,559 shares in the last quarter. Finally, BluePath Capital Management LLC raised its stake in shares of Delta Air Lines by 23.9% during the fourth quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company’s stock worth $1,540,000 after acquiring an additional 4,567 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DAL has been the topic of several research reports. Raymond James decreased their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group reissued a “hold” rating and set a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. UBS Group downgraded shares of Delta Air Lines from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $77.00 to $42.00 in a research note on Monday. Susquehanna decreased their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a research note on Monday. Finally, Barclays decreased their target price on shares of Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday. Four investment 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’s stock. According to MarketBeat.com, Delta Air Lines currently has an average rating of “Moderate Buy” and an average target price of $65.63.

Delta Air Lines Stock Performance

NYSE DAL opened at $44.42 on Thursday. The stock’s fifty day moving average is $53.48 and its two-hundred day moving average is $57.81. The firm 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. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98.

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

Delta Air Lines Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 91,710 shares of the 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the sale, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock worth $11,116,463 in the last quarter. 0.96% of the stock is 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.