Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Allworth Financial LP

Allworth Financial LP trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,779 shares of the transportation company's stock after selling 5,616 shares during the quarter. Allworth Financial LP's holdings in Delta Air Lines were worth $5,734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. WASHINGTON TRUST Co boosted its position 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 valued at $130,000 after buying an additional 150 shares during the last quarter. Hemington Wealth Management lifted its holdings in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after acquiring an additional 154 shares during the period. Mason & Associates Inc lifted its holdings in Delta Air Lines by 3.2% in the fourth 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. DAVENPORT & Co LLC lifted its holdings in Delta Air Lines by 1.2% in the fourth 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 period. Finally, Armstrong Advisory Group Inc. lifted its holdings in Delta Air Lines by 10.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company's stock valued at $110,000 after acquiring an additional 175 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Trading Down 2.0 %

NYSE:DAL traded down $1.30 during trading hours on Thursday, hitting $63.74. The company had a trading volume of 8,669,134 shares, compared to its average volume of 8,174,310. 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 company has a 50-day moving average of $64.26 and a 200 day moving average of $56.11. The company has a market cap of $41.21 billion, a P/E ratio of 11.96, a P/E/G ratio of 0.75 and a beta of 1.36. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. The business 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 30.41% and a net margin of 5.61%. The company's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 EPS. Sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DAL shares. The Goldman Sachs Group reissued a "buy" rating and issued a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. Jefferies Financial Group boosted their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a report on Monday, November 11th. StockNews.com raised Delta Air Lines from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Barclays boosted their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Finally, Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines has an average rating of "Buy" and an average price target of $78.22.

Insider Buying and Selling

In related 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 transaction of $6,405,943.50. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,886 shares of company stock valued at $11,116,463. Corporate 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.