O Shaughnessy Asset Management LLC Increases Holdings in Delta Air Lines, Inc. (NYSE:DAL)

O Shaughnessy Asset Management LLC raised its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,999 shares of the transportation company's stock after purchasing an additional 10,024 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Delta Air Lines were worth $5,142,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DAL. WASHINGTON TRUST Co lifted its stake in shares of Delta Air Lines by 7.5% during the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock worth $130,000 after acquiring an additional 150 shares during the last quarter. Hemington Wealth Management lifted its position 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. Mason & Associates Inc boosted 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 during the period. DAVENPORT & Co LLC grew its holdings in shares of 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 last quarter. Finally, Armstrong Advisory Group Inc. increased its stake 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 worth $110,000 after buying an additional 175 shares during the period. Institutional investors own 69.93% of the company's stock.

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Delta Air Lines Price Performance

DAL traded down $0.04 during trading on Monday, hitting $37.21. The company's stock had a trading volume of 20,418,896 shares, compared to its average volume of 9,207,911. The firm has a market capitalization of $24.05 billion, a price-to-earnings ratio of 6.98, a P/E/G ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The business's fifty day simple moving average is $55.71 and its 200 day simple moving average is $58.15. 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 (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's dividend payout ratio is presently 11.26%.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction on 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 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the company's stock in a transaction on 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 $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 three months, insiders have sold 162,886 shares of company stock worth $11,116,463. Insiders own 0.96% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DAL shares. The Goldman Sachs Group lowered their price target on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Citigroup decreased their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. UBS Group cut shares of Delta Air Lines from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $77.00 to $42.00 in a research note on Monday. StockNews.com lowered Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of "Moderate Buy" and an average target price of $67.20.

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.