Easterly Investment Partners LLC Sells 15,023 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Easterly Investment Partners LLC cut its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 29.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,732 shares of the transportation company's stock after selling 15,023 shares during the quarter. Easterly Investment Partners LLC's holdings in Delta Air Lines were worth $2,162,000 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 position in Delta Air Lines in the 4th quarter valued at about $27,000. Hemington Wealth Management increased its stake in shares of Delta Air Lines by 48.1% during the fourth 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 acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $29,000. Crews Bank & Trust acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $30,000. Finally, Modus Advisors LLC bought a new stake in Delta Air Lines in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Price Performance

NYSE:DAL traded down $0.58 on Monday, hitting $43.26. The company had a trading volume of 8,728,407 shares, compared to its average volume of 9,046,364. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $27.97 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.75 and a beta of 1.34. The firm has a 50 day moving average of $58.94 and a two-hundred day moving average of $58.39.

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Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share 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 quarter in the previous year, the company posted $1.28 EPS. On average, research analysts anticipate 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 was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's payout ratio is 11.26%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated 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 transaction, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William C. Carroll sold 8,400 shares of the firm's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares of the company's stock, valued at $1,304,291.12. This trade represents 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 worth $11,116,463. 0.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on DAL. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Barclays dropped their price objective on shares of Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. UBS Group dropped their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Finally, Citigroup reduced their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $76.29.

Delta Air Lines Company 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.