Evergreen Capital Management LLC Sells 16,525 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Evergreen Capital Management LLC lessened its position in Delta Air Lines, Inc. (NYSE:DAL) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 198,136 shares of the transportation company’s stock after selling 16,525 shares during the quarter. Evergreen Capital Management LLC’s holdings in Delta Air Lines were worth $11,987,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. WASHINGTON TRUST Co lifted its stake in Delta Air Lines by 7.5% in the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company’s stock worth $130,000 after purchasing an additional 150 shares during the last quarter. 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 worth $28,000 after buying an additional 154 shares during the period. HighPoint Advisor Group LLC lifted its stake in shares of Delta Air Lines by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company’s stock worth $554,000 after acquiring an additional 155 shares during the last quarter. Mason & Associates Inc boosted its holdings in Delta Air Lines by 3.2% during the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock valued at $308,000 after acquiring an additional 160 shares during the period. Finally, DAVENPORT & Co LLC grew its position in Delta Air Lines by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock valued at $865,000 after acquiring an additional 173 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Up 1.3 %

NYSE:DAL opened at $40.82 on Wednesday. The company’s 50-day simple moving average is $51.26 and its 200-day simple moving average is $57.54. 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. The stock has a market capitalization of $26.39 billion, a P/E ratio of 7.66, a P/E/G ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results 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 return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $12.98 billion during the quarter, compared to analysts’ expectations of $13.85 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. Delta Air Lines’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities analysts anticipate 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. Shareholders of record on Thursday, February 27th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.47%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is presently 10.64%.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Bank of America dropped their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Dbs Bank lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. TD Cowen boosted their price target on Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, April 10th. Finally, Susquehanna reduced their price objective on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.06.

Insider Transactions 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 that occurred 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 sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. The trade was a 41.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,886 shares of company stock worth $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.