LSV Asset Management Trims Holdings in Delta Air Lines, Inc. (NYSE:DAL)

LSV Asset Management lowered its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,150,482 shares of the transportation company's stock after selling 320,938 shares during the period. LSV Asset Management owned about 0.49% of Delta Air Lines worth $190,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DAL. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $27,000. Hemington Wealth Management raised its position in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after acquiring an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new position in Delta Air Lines in the fourth quarter worth $29,000. Crews Bank & Trust acquired a new stake in Delta Air Lines in the fourth quarter valued at $30,000. Finally, Modus Advisors LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Trading Down 1.4 %

Shares of Delta Air Lines stock traded down $0.59 during mid-day trading on Monday, hitting $40.29. 12,484,263 shares of the stock were exchanged, compared to its average volume of 9,301,377. The stock has a market capitalization of $26.05 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month 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 50-day simple moving average of $52.37 and a 200 day simple moving average of $57.73.

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

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.49%. Delta Air Lines's dividend payout ratio (DPR) is presently 10.64%.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 directly 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 SEC, which is accessible through this hyperlink. 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 value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 162,886 shares of company stock valued at $11,116,463. Insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DAL. Raymond James reduced their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Jefferies Financial Group reiterated a "hold" rating and set a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. UBS Group cut Delta Air Lines from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $77.00 to $42.00 in a report on Monday, April 7th. Dbs Bank cut Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Barclays lowered their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines currently has an average rating of "Moderate Buy" and an average price target of $61.06.

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.