Brandywine Global Investment Management LLC Sells 284,379 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Brandywine Global Investment Management LLC decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,812,899 shares of the transportation company's stock after selling 284,379 shares during the quarter. Delta Air Lines comprises about 1.2% of Brandywine Global Investment Management LLC's investment portfolio, making the stock its 14th largest holding. Brandywine Global Investment Management LLC owned about 0.44% of Delta Air Lines worth $170,180,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. WASHINGTON TRUST Co raised its stake in Delta Air Lines by 7.5% during the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock valued at $130,000 after acquiring an additional 150 shares in the last quarter. Hemington Wealth Management raised its stake 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 valued at $28,000 after purchasing an additional 154 shares in the last quarter. Mason & Associates Inc raised its stake in shares of Delta Air Lines by 3.2% during the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company's stock valued at $308,000 after purchasing an additional 160 shares in the last quarter. 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 worth $865,000 after purchasing an additional 173 shares during the period. Finally, Armstrong Advisory Group Inc. grew its position in Delta Air Lines by 10.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company's stock valued at $110,000 after buying an additional 175 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

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Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and issued a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday. Susquehanna boosted their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. StockNews.com lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th. UBS Group dropped their price objective on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. Finally, Citigroup decreased their target price on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $71.77.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the sale, the executive vice president now owns 35,889 shares of the company's stock, 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 the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business'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 completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 in the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Trading Up 2.3 %

Shares of DAL stock traded up $0.96 during trading hours on Wednesday, reaching $43.38. 9,998,056 shares of the stock traded hands, compared to its average volume of 9,086,487. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $28.04 billion, a PE ratio of 8.14, a PEG ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The business has a fifty day moving average price of $57.98 and a 200 day moving average price of $58.36.

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, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 EPS. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.38%. Delta Air Lines's payout ratio is presently 11.26%.

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.