Vanguard Group Inc. Sells 124,897 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Vanguard Group Inc. reduced its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,975,018 shares of the transportation company's stock after selling 124,897 shares during the quarter. Vanguard Group Inc. owned about 11.19% of Delta Air Lines worth $2,895,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. MeadowBrook Investment Advisors LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at $27,000. Venturi Wealth Management LLC increased its holdings in Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company's stock valued at $29,000 after purchasing an additional 575 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Delta Air Lines by 26,166.7% in the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company's stock valued at $32,000 after purchasing an additional 785 shares in the last quarter. Nordwand Advisors LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at $40,000. Finally, Private Wealth Management Group LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at $42,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

NYSE DAL traded up $0.99 during trading hours on Monday, reaching $49.71. The company's stock had a trading volume of 5,046,825 shares, compared to its average volume of 9,653,666. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The business has a 50-day simple moving average of $50.26 and a 200 day simple moving average of $44.52. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.86. The stock has a market cap of $32.08 billion, a PE ratio of 6.39, a PEG ratio of 0.71 and a beta of 1.37.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm had revenue of $13.75 billion for the quarter, compared to analysts' expectations of $12.51 billion. During the same quarter last year, the company posted $0.25 earnings per share. Delta Air Lines's revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that Delta Air Lines, Inc. will post 6.66 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.80%. Delta Air Lines's dividend payout ratio is currently 5.14%.

Wall Street Analysts Forecast Growth

DAL has been the subject of several recent research reports. Citigroup increased their price target on Delta Air Lines from $55.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, May 29th. StockNews.com downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Susquehanna raised their target price on Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a research note on Tuesday, April 9th. UBS Group assumed coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a "buy" rating and a $59.00 target price for the company. Finally, Morgan Stanley restated an "overweight" rating and set a $85.00 target price on shares of Delta Air Lines in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $59.85.

Insiders Place Their Bets

In other news, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares of the company's stock, valued at $6,911,295.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Joanne D. Smith sold 4,846 shares of the business's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total transaction of $253,445.80. Following the completion of the transaction, the executive vice president now directly owns 112,421 shares in the company, valued at $5,879,618.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alain Bellemare sold 24,073 shares of the business's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the transaction, the executive vice president now owns 141,451 shares of the company's stock, valued at $6,911,295.86. The disclosure for this sale can be found here. Insiders have sold 178,919 shares of company stock valued at $8,834,653 over the last quarter. Insiders own 0.96% of the company's stock.

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.