Strengthening Families & Communities LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 96.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,930 shares of the transportation company's stock after selling 49,215 shares during the period. Strengthening Families & Communities LLC's holdings in Delta Air Lines were worth $117,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Delta Air Lines by 87.5% during the 3rd quarter. CWM LLC now owns 34,919 shares of the transportation company's stock valued at $1,774,000 after acquiring an additional 16,294 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of Delta Air Lines by 8.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 21,348 shares of the transportation company's stock valued at $1,084,000 after acquiring an additional 1,662 shares during the period. Inspire Investing LLC lifted its position in shares of Delta Air Lines by 14.9% during the 3rd quarter. Inspire Investing LLC now owns 18,150 shares of the transportation company's stock valued at $922,000 after acquiring an additional 2,352 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter valued at approximately $341,000. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Delta Air Lines during the 3rd quarter valued at approximately $215,000. Institutional investors and hedge funds own 69.93% of the company's stock.
Delta Air Lines Trading Up 2.1 %
DAL stock traded up $1.35 during midday trading on Friday, hitting $65.41. The stock had a trading volume of 6,046,263 shares, compared to its average volume of 8,219,538. The firm has a market cap of $42.21 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The company's 50-day moving average price is $64.12 and its 200 day moving average price is $55.38.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company had revenue of $15.56 billion during the quarter, compared to analysts' expectations of $14.20 billion. During the same period in the previous year, the company earned $1.28 EPS. The business's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share 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. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. Delta Air Lines's dividend payout ratio is presently 11.26%.
Wall Street Analysts Forecast Growth
DAL has been the subject of a number of research reports. Citigroup lifted their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Jefferies Financial Group raised their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. UBS Group reissued a "buy" rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. StockNews.com raised shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Barclays raised their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $78.22.
Read Our Latest Research Report on Delta Air Lines
Insider Activity
In related news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction 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. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 6,783 shares of Delta Air Lines stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. The trade was a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 in the last ninety days. Company insiders own 0.96% of the company's stock.
About Delta Air Lines
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Free Report)
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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