Hosking Partners LLP Sells 137,282 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Hosking Partners LLP lowered its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 27.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 357,837 shares of the transportation company's stock after selling 137,282 shares during the period. Hosking Partners LLP owned about 0.06% of Delta Air Lines worth $21,649,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DAL. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines in the fourth quarter valued at approximately $27,000. Hemington Wealth Management lifted its position in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after purchasing an additional 154 shares during the period. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at $29,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $30,000. Finally, Ashton Thomas Securities LLC bought a new position in Delta Air Lines during the third quarter worth $31,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Buying and Selling

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the business's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Down 6.5 %

Shares of NYSE DAL traded down $3.82 during trading on Tuesday, hitting $54.63. The stock had a trading volume of 17,810,195 shares, compared to its average volume of 8,484,303. The firm has a fifty day moving average of $64.26 and a two-hundred day moving average of $57.47. The company has a market capitalization of $35.32 billion, a PE ratio of 10.25, a PEG ratio of 0.75 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.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.28 earnings per share. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared 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 is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.10%. Delta Air Lines's payout ratio is currently 11.26%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DAL shares. UBS Group reaffirmed a "buy" rating and set a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. TD Cowen upped their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Barclays raised their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Susquehanna boosted their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. Finally, 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 report on Monday, November 11th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $78.22.

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.