Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 24.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 272,052 shares of the transportation company's stock after selling 87,548 shares during the period. Stifel Financial Corp's holdings in Delta Air Lines were worth $16,459,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Invst LLC grew its stake in Delta Air Lines by 2.2% during the 3rd quarter. Invst LLC now owns 43,929 shares of the transportation company's stock worth $2,231,000 after purchasing an additional 954 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Delta Air Lines in the third quarter valued at approximately $301,000. Wilmington Savings Fund Society FSB grew its holdings in Delta Air Lines by 7.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,111 shares of the transportation company's stock worth $463,000 after acquiring an additional 667 shares in the last quarter. Tidal Investments LLC increased its position in shares of Delta Air Lines by 31.5% in the 3rd quarter. Tidal Investments LLC now owns 82,635 shares of the transportation company's stock valued at $4,197,000 after purchasing an additional 19,815 shares during the last quarter. Finally, Inspire Trust Co. N.A. lifted its position in shares of Delta Air Lines by 55.1% during the 3rd quarter. Inspire Trust Co. N.A. now owns 53,480 shares of the transportation company's stock worth $2,716,000 after purchasing an additional 19,000 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DAL shares. Bank of America cut their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. TD Cowen boosted their target price on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Raymond James dropped their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 2nd. UBS Group downgraded shares of Delta Air Lines from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $77.00 to $42.00 in a research report on Monday, April 7th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $61.06.

Delta Air Lines Stock Down 0.9 %

Delta Air Lines stock opened at $41.64 on Friday. The stock has a 50 day moving average of $47.30 and a two-hundred day moving average of $57.01. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The stock has a market capitalization of $27.19 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.75 and a beta of 1.23. 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 Wednesday, April 9th. The transportation company reported $0.46 earnings per share 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 analyst estimates of $13.85 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 down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. As a group, research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.44%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's payout ratio is 10.64%.

Insider Activity

In other Delta Air Lines news, 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 sale, the senior vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of the company's 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 transaction, the executive vice president now directly owns 35,889 shares in the company, valued at approximately $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,776 shares of company stock valued at $4,155,951 in the last three months. 0.96% of the stock is currently owned by company insiders.

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.

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