Guggenheim Capital LLC Lowers Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Guggenheim Capital LLC cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 60.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,521 shares of the transportation company's stock after selling 66,617 shares during the period. Guggenheim Capital LLC's holdings in Delta Air Lines were worth $2,633,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Invst LLC grew its position in Delta Air Lines by 2.2% in the 3rd quarter. Invst LLC now owns 43,929 shares of the transportation company's stock worth $2,231,000 after purchasing an additional 954 shares during the period. World Investment Advisors LLC purchased a new stake in Delta Air Lines during the third quarter valued at $301,000. Wilmington Savings Fund Society FSB lifted its holdings in Delta Air Lines by 7.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 9,111 shares of the transportation company's stock valued at $463,000 after acquiring an additional 667 shares during the period. Tidal Investments LLC boosted its position in Delta Air Lines by 31.5% in the third quarter. Tidal Investments LLC now owns 82,635 shares of the transportation company's stock worth $4,197,000 after purchasing an additional 19,815 shares during the last quarter. Finally, Inspire Trust Co. N.A. grew its stake in shares of Delta Air Lines by 55.1% during the 3rd quarter. Inspire Trust Co. N.A. now owns 53,480 shares of the transportation company's stock valued at $2,716,000 after purchasing an additional 19,000 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Price Performance

NYSE DAL traded up $0.60 on Thursday, reaching $42.00. The company had a trading volume of 7,993,099 shares, compared to its average volume of 9,267,972. The stock has a market capitalization of $27.42 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month 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 firm's 50 day moving average price is $48.23 and its 200 day moving average price is $57.13.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. As a group, equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.43%. Delta Air Lines's dividend payout ratio is presently 10.64%.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the sale, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,776 shares of company stock valued at $4,155,951 over the last three months. 0.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of research reports. Susquehanna dropped their price objective on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a report on Monday, April 7th. Citigroup dropped their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Bank of America reduced their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. TD Cowen lifted their target price on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group reduced their price target on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.06.

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.