Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 321,242 shares of the transportation company's stock after purchasing an additional 8,016 shares during the period. Cerity Partners LLC's holdings in Delta Air Lines were worth $18,777,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. WASHINGTON TRUST Co grew its holdings 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 buying an additional 150 shares during the last quarter. Hemington Wealth Management grew 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 buying an additional 154 shares in the last quarter. HighPoint Advisor Group LLC raised its position in shares of Delta Air Lines by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock valued at $554,000 after buying an additional 155 shares during the last quarter. Mason & Associates Inc lifted 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 buying an additional 160 shares during the period. Finally, DAVENPORT & Co LLC lifted its stake in shares of Delta Air Lines by 1.2% during the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock valued at $865,000 after buying an additional 173 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Delta Air Lines Stock Down 1.1 %

Delta Air Lines stock traded down $0.44 during trading on Monday, reaching $40.44. 8,970,718 shares of the company's stock were exchanged, compared to its average volume of 9,289,154. The company's 50-day moving average is $52.37 and its two-hundred day moving average is $57.73. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The firm has a market cap of $26.14 billion, a price-to-earnings ratio of 7.59, a PEG ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. On average, analysts predict 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 declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's payout ratio is 10.64%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DAL. Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Raymond James dropped their target price on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. TD Cowen raised their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday. Citigroup dropped their price objective on shares of 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. Finally, Susquehanna decreased their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines presently has an average rating of "Moderate Buy" and a consensus target price of $61.06.

Insider Buying and Selling

In other news, 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 transaction of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares of the company's stock, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was 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 approximately $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 162,886 shares of company stock valued at $11,116,463 in the last quarter. Company 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.