RWA Wealth Partners LLC Sells 299,906 Shares of Delta Air Lines, Inc. (NYSE:DAL)

RWA Wealth Partners LLC cut its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 96.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,079 shares of the transportation company's stock after selling 299,906 shares during the quarter. RWA Wealth Partners LLC's holdings in Delta Air Lines were worth $610,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Delta Air Lines by 16.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,571 shares of the transportation company's stock valued at $1,857,000 after buying an additional 5,046 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Delta Air Lines by 12.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,329,941 shares of the transportation company's stock worth $67,548,000 after acquiring an additional 147,438 shares during the last quarter. Captrust Financial Advisors raised its stake in Delta Air Lines by 6.0% in the 3rd quarter. Captrust Financial Advisors now owns 54,542 shares of the transportation company's stock valued at $2,770,000 after acquiring an additional 3,106 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Delta Air Lines by 2,958.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 199,531 shares of the transportation company's stock valued at $10,134,000 after purchasing an additional 193,008 shares during the last quarter. Finally, Atom Investors LP bought a new position in Delta Air Lines during the third quarter worth $950,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research reports. Citigroup cut their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Raymond James reduced their price objective on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday. Susquehanna increased their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group cut their target price on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, TD Cowen lifted their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $71.49.

Delta Air Lines Trading Down 10.8 %

Shares of DAL stock traded down $4.68 on Thursday, hitting $38.70. The company had a trading volume of 18,098,701 shares, compared to its average volume of 9,110,687. The stock's 50-day moving average is $57.49 and its two-hundred day moving average is $58.26. 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 cap of $25.02 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the previous year, the company earned $1.28 EPS. The company's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

Insider Activity

In related news, SVP William C. Carroll sold 6,783 shares of the business's 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company's stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 in the last ninety days. 0.96% of the stock is owned by company insiders.

About Delta Air Lines

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.