HighTower Advisors LLC lessened its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 19.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 243,745 shares of the transportation company's stock after selling 57,522 shares during the period. HighTower Advisors LLC's holdings in Delta Air Lines were worth $14,747,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of DAL. Pzena Investment Management LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter worth $281,206,000. Castle Hook Partners LP acquired a new position in shares of Delta Air Lines in the 3rd quarter worth $189,296,000. Raymond James Financial Inc. acquired a new position in shares of Delta Air Lines in the 4th quarter worth $64,577,000. Sanders Capital LLC grew its holdings in shares of Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after acquiring an additional 749,099 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in shares of Delta Air Lines by 325.7% in the 4th quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company's stock worth $35,865,000 after acquiring an additional 453,547 shares during the last quarter. Institutional investors own 69.93% of the company's stock.
Insider Buying and Selling at Delta Air Lines
In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 52,789 shares of the company's stock, valued at $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the business's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 over the last 90 days. 0.96% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
DAL has been the topic of a number of recent research reports. TD Cowen lifted their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, January 13th. UBS Group decreased their target price on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. Susquehanna lifted their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. Barclays decreased their target price on Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Delta Air Lines presently has an average rating of "Buy" and an average price target of $76.29.
Get Our Latest Report on Delta Air Lines
Delta Air Lines Stock Up 4.0 %
NYSE DAL traded up $1.86 on Wednesday, reaching $47.78. The stock had a trading volume of 11,207,663 shares, compared to its average volume of 8,763,475. The business has a 50 day moving average price of $61.77 and a 200 day moving average price of $58.14. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company has a market capitalization of $30.89 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 0.75 and a beta of 1.34.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS 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 firm had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business's quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.
Delta Air Lines Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. Delta Air Lines's dividend payout ratio (DPR) is currently 11.26%.
About Delta Air Lines
(
Free Report)
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.
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