Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by American Financial Advisors LLC

American Financial Advisors LLC trimmed its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,932 shares of the transportation company's stock after selling 14,969 shares during the quarter. Delta Air Lines comprises 1.2% of American Financial Advisors LLC's investment portfolio, making the stock its 24th biggest position. American Financial Advisors LLC's holdings in Delta Air Lines were worth $8,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at about $27,000. Hemington Wealth Management lifted its holdings in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines in the 4th quarter worth approximately $29,000. Crews Bank & Trust acquired a new position in shares of Delta Air Lines in the 4th quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter worth approximately $31,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Up 1.1 %

Shares of NYSE:DAL traded up $0.70 during trading hours on Wednesday, reaching $65.04. The stock had a trading volume of 7,611,940 shares, compared to its average volume of 8,153,529. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm's 50 day moving average is $64.23 and its 200-day moving average is $56.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The stock has a market capitalization of $42.05 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.77 and a beta of 1.36.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the prior year, the firm posted $1.28 EPS. The company's quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines's dividend payout ratio is presently 11.26%.

Analyst Ratings Changes

Several equities analysts have recently commented on DAL shares. Susquehanna upped their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, November 11th. UBS Group restated a "buy" rating and issued a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $83.00 price objective 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock 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, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the transaction, the senior vice president now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 162,886 shares of company stock valued at $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.