Monetary Management Group Inc. Sells 14,730 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Monetary Management Group Inc. decreased its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 72.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,720 shares of the transportation company's stock after selling 14,730 shares during the period. Monetary Management Group Inc.'s holdings in Delta Air Lines were worth $346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth $27,000. Hemington Wealth Management increased its position in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after buying an additional 154 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Delta Air Lines during the 4th quarter worth $29,000. Crews Bank & Trust bought a new position in Delta Air Lines during the fourth quarter worth about $30,000. Finally, Modus Advisors LLC acquired a new position in Delta Air Lines in the fourth quarter valued at about $33,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

Shares of NYSE:DAL traded down $0.59 on Monday, hitting $40.29. The company had a trading volume of 12,488,380 shares, compared to its average volume of 9,301,458. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.75 and a beta of 1.23. 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 stock has a 50 day moving average price of $52.37 and a 200 day moving average price of $57.73. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98.

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

Delta Air Lines Announces Dividend

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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's payout ratio is currently 10.64%.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the business's 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 represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 over the last quarter. 0.96% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. StockNews.com cut shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. TD Cowen boosted their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday. Raymond James lowered their target price 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. Finally, UBS Group cut Delta Air Lines from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $77.00 to $42.00 in a research report on Monday, April 7th. Four 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 MarketBeat, Delta Air Lines has a consensus rating of "Moderate Buy" and an average price target 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.