MML Investors Services LLC boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,197 shares of the transportation company's stock after buying an additional 14,808 shares during the period. MML Investors Services LLC's holdings in Delta Air Lines were worth $5,215,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Donoghue Forlines LLC purchased a new position in Delta Air Lines during the fourth quarter worth about $2,036,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Delta Air Lines during the 4th quarter worth approximately $3,593,000. Global Financial Private Client LLC lifted its holdings in shares of Delta Air Lines by 562.0% in the 4th quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company's stock valued at $681,000 after buying an additional 9,559 shares during the period. BluePath Capital Management LLC grew its holdings in Delta Air Lines by 23.9% during the fourth quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company's stock worth $1,540,000 after acquiring an additional 4,567 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new position in Delta Air Lines in the fourth quarter worth $244,000. Hedge funds and other institutional investors own 69.93% of the company's stock.
Analyst Ratings Changes
Several analysts recently commented on the stock. Barclays reduced their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Dbs Bank lowered Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. StockNews.com downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. TD Cowen raised their price target 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, Susquehanna decreased 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 research report on Monday, April 7th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of "Moderate Buy" and an average price target of $61.06.
Read Our Latest Research Report on Delta Air Lines
Delta Air Lines Trading Up 0.3 %
DAL traded up $0.12 during midday trading on Tuesday, hitting $42.08. The company's stock had a trading volume of 6,324,934 shares, compared to its average volume of 9,222,763. The firm has a market cap of $27.48 billion, a P/E ratio of 7.89, a PEG ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week 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 firm has a 50-day moving average price of $46.84 and a two-hundred day moving average price of $57.03.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced 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 analyst estimates of $13.85 billion. During the same quarter last year, the business earned $0.45 EPS. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. On average, research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.
Delta Air Lines Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.43%. Delta Air Lines's dividend payout ratio (DPR) is 10.64%.
Insiders Place Their Bets
In related news, 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 sale, the senior vice president now directly owns 10,016 shares in the company, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rahul D. Samant sold 38,023 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 52,789 shares of the company's stock, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,776 shares of company stock worth $4,155,951 over the last ninety days. 0.96% of the stock is owned by company insiders.
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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