Phoenix Financial Ltd. Lowers Position in Delta Air Lines, Inc. (NYSE:DAL)

Phoenix Financial Ltd. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 21.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,903 shares of the transportation company's stock after selling 34,045 shares during the period. Phoenix Financial Ltd.'s holdings in Delta Air Lines were worth $7,375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Orion Portfolio Solutions LLC grew its holdings in shares of Delta Air Lines by 14.0% during the third quarter. Orion Portfolio Solutions LLC now owns 19,541 shares of the transportation company's stock worth $992,000 after purchasing an additional 2,401 shares in the last quarter. MML Investors Services LLC grew its stake in Delta Air Lines by 18.4% in the 3rd quarter. MML Investors Services LLC now owns 71,389 shares of the transportation company's stock worth $3,626,000 after buying an additional 11,094 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock worth $789,452,000 after buying an additional 416,338 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Delta Air Lines by 17.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 13,224 shares of the transportation company's stock worth $700,000 after acquiring an additional 1,920 shares during the last quarter. Finally, Asset Allocation Strategies LLC purchased a new position in Delta Air Lines in the third quarter worth $219,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other 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 value of $2,467,312.47. Following the completion of the sale, the executive vice president now directly owns 52,789 shares in the company, 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 legal filing with the SEC, which is available through this link. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company's stock, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,886 shares of company stock valued at $11,116,463. Insiders own 0.96% of the company's stock.

Delta Air Lines Trading Down 1.4 %

DAL stock traded down $0.59 during trading on Monday, reaching $40.29. The company had a trading volume of 12,138,813 shares, compared to its average volume of 9,301,254. The company has a market cap of $26.05 billion, a P/E ratio of 7.56, a PEG ratio of 0.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The business has a 50 day moving average of $52.37 and a 200 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.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 EPS 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 business had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same period in the previous year, the firm earned $0.45 EPS. The company's revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DAL. Bank of America dropped their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Susquehanna reduced their price target 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. Dbs Bank cut shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Barclays decreased their target price on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus 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.