Delta Air Lines, Inc. (NYSE:DAL) Stock Position Decreased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,637 shares of the transportation company’s stock after selling 765 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Delta Air Lines were worth $1,188,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Invst LLC raised its holdings in shares of Delta Air Lines by 2.2% during the 3rd quarter. Invst LLC now owns 43,929 shares of the transportation company’s stock valued at $2,231,000 after purchasing an additional 954 shares in the last quarter. World Investment Advisors LLC acquired a new position in Delta Air Lines during the third quarter worth $301,000. Wilmington Savings Fund Society FSB raised its holdings in Delta Air Lines by 7.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 9,111 shares of the transportation company’s stock valued at $463,000 after buying an additional 667 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Delta Air Lines by 31.5% in the third quarter. Tidal Investments LLC now owns 82,635 shares of the transportation company’s stock worth $4,197,000 after buying an additional 19,815 shares during the last quarter. Finally, Inspire Trust Co. N.A. boosted its stake in shares of Delta Air Lines by 55.1% during the 3rd quarter. Inspire Trust Co. N.A. now owns 53,480 shares of the transportation company’s stock worth $2,716,000 after acquiring an additional 19,000 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value 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. This represents a 17.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the sale, the senior vice president now owns 10,016 shares of the company’s stock, valued at $660,455.04. This trade represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 154,486 shares of company stock worth $10,561,895 over the last three months. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. TD Cowen upped their target price on Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, April 10th. Susquehanna lowered 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, April 7th. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Dbs Bank cut shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Bank of America dropped their price objective on 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. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.06.

Delta Air Lines Stock Up 0.5 %

DAL opened at $40.81 on Friday. The company has a market capitalization of $26.38 billion, a P/E ratio of 7.66, a P/E/G ratio of 0.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The firm’s fifty day moving average price is $49.72 and its two-hundred day moving average price is $57.29. 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 issued its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.38). The business had revenue of $12.98 billion for 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%. Delta Air Lines’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. On average, analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared 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 yield of 1.47%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is 10.64%.

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.