Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 18.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,467 shares of the transportation company's stock after selling 4,509 shares during the quarter. Blue Trust Inc.'s holdings in Delta Air Lines were worth $1,178,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $27,000. Hemington Wealth Management boosted its holdings in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $30,000. Modus Advisors LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $33,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Delta Air Lines by 217.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company's stock worth $34,000 after purchasing an additional 380 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com upgraded Delta Air Lines from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Barclays increased their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Jefferies Financial Group increased their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. UBS Group reaffirmed a "buy" rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $78.22.

Insider Transactions at Delta Air Lines

In related news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction dated Wednesday, February 5th. The stock was 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 directly owns 35,889 shares in the company, valued at approximately $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines 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 completion of the transaction, the senior vice president now owns 19,756 shares of the company's stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Stock Up 1.1 %

NYSE:DAL traded up $0.70 during mid-day trading on Wednesday, hitting $65.04. The company had a trading volume of 7,451,749 shares, compared to its average volume of 8,153,529. The business has a fifty day simple moving average of $64.23 and a 200-day simple moving average of $56.05. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm has a market capitalization of $42.05 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.77 and a beta of 1.36.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the company earned $1.28 earnings per share. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share 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. Stockholders 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 dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines's payout ratio is 11.26%.

About Delta Air Lines

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.