Prudential Financial Inc. Sells 92,744 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Prudential Financial Inc. trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 17.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 438,674 shares of the transportation company's stock after selling 92,744 shares during the quarter. Prudential Financial Inc. owned 0.07% of Delta Air Lines worth $26,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in DAL. Boston Partners acquired a new position in shares of Delta Air Lines in the 4th quarter worth $328,398,000. Castle Hook Partners LP acquired a new stake in Delta Air Lines during the 3rd quarter worth about $189,296,000. Raymond James Financial Inc. purchased a new stake in Delta Air Lines during the fourth quarter valued at about $64,577,000. Vanguard Group Inc. lifted its stake in Delta Air Lines by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock valued at $4,380,820,000 after buying an additional 456,465 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Delta Air Lines by 325.7% in the fourth quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company's stock worth $35,865,000 after buying an additional 453,547 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DAL. Barclays reduced their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. TD Cowen raised their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Citigroup dropped their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. StockNews.com lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Finally, UBS Group dropped their target price on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $76.29.

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Insider Buying and Selling

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the transaction, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rahul D. Samant sold 38,023 shares of the business's stock in a transaction 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 completion of 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. Over the last quarter, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Down 5.1 %

NYSE:DAL traded down $2.36 during trading hours on Friday, reaching $43.80. The company's stock had a trading volume of 15,126,638 shares, compared to its average volume of 9,046,107. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The business's 50-day moving average is $58.94 and its 200-day moving average is $58.29. The company has a market cap of $28.31 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 EPS. Equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. Delta Air Lines's payout ratio is 11.26%.

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.