Chevy Chase Trust Holdings LLC Has $20.98 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Chevy Chase Trust Holdings LLC reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 346,728 shares of the transportation company's stock after selling 7,121 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Delta Air Lines worth $20,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines in the fourth quarter valued at approximately $27,000. 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. Crews Bank & Trust acquired a new stake in Delta Air Lines in the 4th quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at approximately $31,000. Finally, Modus Advisors LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $33,000. 69.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DAL has been the topic of several recent research reports. Susquehanna lifted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. Jefferies Financial Group increased their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Citigroup lifted their price target on Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. StockNews.com raised Delta Air Lines from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group reiterated 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 given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $78.22.

Delta Air Lines Price Performance

Shares of NYSE:DAL traded up $0.70 during midday trading on Wednesday, hitting $65.04. The stock had a trading volume of 7,444,445 shares, compared to its average volume of 8,153,316. The company's 50-day moving average price is $64.23 and its 200-day moving average price is $56.05. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. 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 company has a market capitalization of $42.05 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $15.56 billion during the quarter, compared to analysts' expectations of $14.20 billion. During the same period in the prior year, the company earned $1.28 earnings per share. The company's quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction that occurred on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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 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.