Corient Private Wealth LLC Sells 7,074 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Corient Private Wealth LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 152,165 shares of the transportation company's stock after selling 7,074 shares during the period. Corient Private Wealth LLC's holdings in Delta Air Lines were worth $9,206,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. one8zero8 LLC acquired a new position in Delta Air Lines in the fourth quarter worth approximately $1,281,000. Natixis Advisors LLC increased its holdings in Delta Air Lines by 4.4% in the fourth quarter. Natixis Advisors LLC now owns 176,560 shares of the transportation company's stock worth $10,682,000 after buying an additional 7,504 shares during the last quarter. Picton Mahoney Asset Management increased its holdings in Delta Air Lines by 534.8% in the fourth quarter. Picton Mahoney Asset Management now owns 34,280 shares of the transportation company's stock worth $2,074,000 after buying an additional 28,880 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Delta Air Lines by 4.3% in the fourth quarter. First Eagle Investment Management LLC now owns 14,505 shares of the transportation company's stock worth $878,000 after buying an additional 600 shares during the last quarter. Finally, Sienna Gestion increased its holdings in Delta Air Lines by 21.9% in the fourth quarter. Sienna Gestion now owns 118,580 shares of the transportation company's stock worth $7,173,000 after buying an additional 21,291 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

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Insider Buying and Selling

In related news, EVP Rahul D. Samant sold 38,023 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the transaction, the executive vice president now directly owns 52,789 shares of the company's stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the transaction, the senior vice president now directly owns 10,016 shares of the company's stock, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 over the last ninety days. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Performance

Shares of DAL traded down $0.07 during mid-day trading on Friday, hitting $46.89. The company's stock had a trading volume of 17,058,560 shares, compared to its average volume of 8,795,711. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a market capitalization of $30.31 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The stock's 50-day moving average is $60.80 and its two-hundred day moving average is $58.13.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analysts' expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 earnings per share. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.28%. Delta Air Lines's dividend payout ratio (DPR) is currently 11.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group decreased their target price on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. 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 report on Tuesday, March 18th. Susquehanna upped their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. TD Cowen upped their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, StockNews.com raised Delta Air Lines from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $76.29.

Delta Air Lines 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.