Federated Hermes Inc. Has $30.15 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Federated Hermes Inc. trimmed its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 498,276 shares of the transportation company's stock after selling 59,123 shares during the quarter. Federated Hermes Inc. owned about 0.08% of Delta Air Lines worth $30,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. WASHINGTON TRUST Co boosted its holdings in Delta Air Lines by 7.5% in the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock valued at $130,000 after purchasing an additional 150 shares during the period. Hemington Wealth Management lifted its stake in shares of Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after buying an additional 154 shares during the period. HighPoint Advisor Group LLC grew its position in Delta Air Lines by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock worth $554,000 after buying an additional 155 shares in the last quarter. Mason & Associates Inc grew its position in Delta Air Lines by 3.2% during the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company's stock worth $308,000 after buying an additional 160 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Delta Air Lines by 1.2% during the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock valued at $865,000 after acquiring an additional 173 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

DAL has been the topic of a number of research reports. StockNews.com cut Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Jefferies Financial Group restated a "hold" rating and issued a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. The Goldman Sachs Group decreased their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Susquehanna dropped their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research report on Monday, April 7th. Finally, TD Cowen lifted their price objective on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday. Four investment 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 company. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.06.

Insider Activity

In related news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction dated 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 sale, the executive vice president now directly owns 52,789 shares in the company, 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 can be accessed through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the company's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,886 shares of company stock valued at $11,116,463. Company insiders own 0.96% of the company's stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL traded down $0.28 during midday trading on Monday, reaching $40.60. The company's stock had a trading volume of 3,583,850 shares, compared to its average volume of 11,515,779. The business's fifty day simple moving average is $52.37 and its 200-day simple moving average is $57.73. 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 fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company has a market capitalization of $26.25 billion, a P/E ratio of 7.62, a P/E/G ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. The company's revenue was down 5.6% on a year-over-year basis. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders 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 dividend on an annualized basis and a yield of 1.48%. Delta Air Lines's payout ratio is 11.26%.

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.