11,869 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by GLOBALT Investments LLC GA

GLOBALT Investments LLC GA bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,869 shares of the transportation company's stock, valued at approximately $718,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV grew its stake in Delta Air Lines by 143.7% during the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company's stock worth $2,876,000 after buying an additional 33,378 shares during the last quarter. Donoghue Forlines LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter worth about $2,036,000. New Millennium Group LLC lifted its position in Delta Air Lines by 314.0% in the 3rd quarter. New Millennium Group LLC now owns 36,460 shares of the transportation company's stock valued at $1,852,000 after purchasing an additional 27,654 shares during the last quarter. Geode Capital Management LLC boosted its stake in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock valued at $789,452,000 after purchasing an additional 416,338 shares during the period. Finally, Castle Hook Partners LP bought a new position in Delta Air Lines in the 3rd quarter worth about $189,296,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were 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 owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William C. Carroll sold 6,783 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the sale, the senior vice president now owns 10,016 shares of the company's stock, valued at $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,886 shares of company stock worth $11,116,463. Corporate insiders own 0.96% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup decreased their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Barclays reduced 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 report on Tuesday, March 11th. TD Cowen boosted 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. Finally, UBS Group decreased their price objective on shares of Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines presently has an average rating of "Buy" and an average price target of $76.29.

Delta Air Lines Stock Down 0.1 %

Shares of DAL traded down $0.07 during mid-day trading on Friday, reaching $46.89. The company's stock had a trading volume of 17,058,122 shares, compared to its average volume of 8,796,912. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The company has a market cap of $30.31 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The business has a fifty day moving average of $61.21 and a 200 day moving average of $57.99.

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 return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the prior year, the company earned $1.28 EPS. The firm's quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

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.