Invesco Ltd. Has $336.46 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Invesco Ltd. reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,561,388 shares of the transportation company's stock after selling 331,743 shares during the period. Invesco Ltd. owned 0.86% of Delta Air Lines worth $336,464,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC boosted its position in Delta Air Lines by 2.6% during the fourth quarter. Cerity Partners LLC now owns 321,242 shares of the transportation company's stock worth $18,777,000 after acquiring an additional 8,016 shares during the last quarter. FMR LLC lifted its stake in shares of Delta Air Lines by 29.3% during the 4th quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock worth $602,327,000 after purchasing an additional 2,254,560 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in shares of Delta Air Lines by 46.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,571 shares of the transportation company's stock worth $216,000 after purchasing an additional 1,128 shares during the last quarter. Waterloo Capital L.P. acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $262,000. Finally, Peapack Gladstone Financial Corp acquired a new position in Delta Air Lines in the fourth quarter valued at $209,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 6,783 shares of the 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 sale, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 439,819 shares of the company's stock, valued at $30,721,357.15. The trade was 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 three months. Company insiders own 0.96% of the company's stock.

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Analysts Set New Price Targets

Several analysts have commented on the company. Raymond James lowered their price target on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Dbs Bank downgraded shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. UBS Group lowered shares of Delta Air Lines from a "buy" rating to a "neutral" rating and decreased their price target for the company from $77.00 to $42.00 in a report on Monday, April 7th. Finally, The Goldman Sachs Group dropped their price objective on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.06.

Delta Air Lines Stock Performance

DAL stock traded down $0.44 during mid-day trading on Monday, reaching $40.44. 8,970,718 shares of the stock traded hands, compared to its average volume of 9,289,154. The firm has a market capitalization of $26.14 billion, a PE ratio of 7.59, a P/E/G ratio of 0.75 and a beta of 1.23. The business has a 50-day moving average of $52.37 and a two-hundred day moving average of $57.73. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week 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.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same period last year, the company earned $0.45 earnings per share. Delta Air Lines's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS 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. Investors of record on Thursday, February 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.48%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's dividend payout ratio is 10.64%.

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.