Focus Financial Network Inc. Sells 11,133 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Focus Financial Network Inc. reduced its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 76,809 shares of the transportation company's stock after selling 11,133 shares during the period. Focus Financial Network Inc.'s holdings in Delta Air Lines were worth $4,647,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. raised its holdings in Delta Air Lines by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company's stock valued at $13,644,000 after acquiring an additional 13,802 shares during the period. KBC Group NV increased its holdings in shares of Delta Air Lines by 143.7% during the third quarter. KBC Group NV now owns 56,611 shares of the transportation company's stock worth $2,876,000 after purchasing an additional 33,378 shares during the period. Olstein Capital Management L.P. increased its holdings in shares of Delta Air Lines by 32.6% during the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company's stock worth $8,888,000 after purchasing an additional 43,000 shares during the period. Donoghue Forlines LLC bought a new position in shares of Delta Air Lines during the fourth quarter worth approximately $2,036,000. Finally, River Road Asset Management LLC increased its holdings in shares of Delta Air Lines by 22.8% during the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company's stock worth $6,634,000 after purchasing an additional 24,249 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several brokerages have recently commented on DAL. Susquehanna raised their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. UBS Group reaffirmed a "buy" rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, November 11th. StockNews.com upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, TD Cowen increased their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $78.22.

Delta Air Lines Price Performance

Delta Air Lines stock traded up $1.35 during mid-day trading on Friday, reaching $65.41. The company had a trading volume of 6,046,263 shares, compared to its average volume of 8,219,538. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two 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 company has a market cap of $42.21 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.80 and a beta of 1.36. The business has a fifty day simple moving average of $64.12 and a 200 day simple moving average of $55.38.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating 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 30.43%. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter last year, the business posted $1.28 earnings per share. The company's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,886 shares of company stock worth $11,116,463. Company insiders own 0.96% of the company's stock.

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.