Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 39,475 shares of the transportation company’s stock after selling 765 shares during the quarter. Hartford Investment Management Co.’s holdings in Delta Air Lines were worth $2,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $27,000. Crews Bank & Trust acquired a new stake in Delta Air Lines during the 4th quarter worth $30,000. Modus Advisors LLC purchased a new position in Delta Air Lines during the 4th quarter worth $33,000. Harbor Investment Advisory LLC increased its stake in Delta Air Lines by 217.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 380 shares during the period. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL stock opened at $64.09 on Friday. The company has a market cap of $41.36 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 0.80 and a beta of 1.36. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $64.15 and a 200-day moving average of $55.31. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 earnings per share. As a group, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s payout ratio is currently 11.26%.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group restated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Susquehanna lifted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Citigroup upped their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $78.22.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the transaction, the executive vice president now owns 35,889 shares of the company’s stock, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

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.