Rockefeller Capital Management L.P. Sells 251,105 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Rockefeller Capital Management L.P. lowered its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 40.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 375,007 shares of the transportation company's stock after selling 251,105 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.06% of Delta Air Lines worth $22,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DAL. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines in the fourth quarter worth approximately $27,000. Hemington Wealth Management increased its stake 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 worth $28,000 after purchasing an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter worth $29,000. Crews Bank & Trust bought a new position in Delta Air Lines in the 4th quarter worth $30,000. Finally, Modus Advisors LLC purchased a new position in Delta Air Lines during the fourth quarter valued at $33,000. Institutional investors own 69.93% of the company's stock.

Insider Activity at Delta Air Lines

In other news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the sale, the senior vice president now owns 10,016 shares of the company's stock, valued at approximately $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,486 shares of company stock worth $10,561,895. Company insiders own 0.96% of the company's stock.

Delta Air Lines Price Performance

DAL traded up $0.22 during trading hours on Friday, hitting $40.81. The company's stock had a trading volume of 8,109,884 shares, compared to its average volume of 9,273,822. The stock has a market cap of $26.38 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 0.75 and a beta of 1.23. The business's 50-day moving average price is $49.72 and its 200-day moving average price is $57.29. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its 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). The business had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. Sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's dividend payout ratio is currently 10.64%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DAL. Raymond James lowered their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. StockNews.com downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. TD Cowen increased their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Bank of America lowered their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, Citigroup cut their target price on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Four 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 company's stock. According to MarketBeat.com, Delta Air Lines currently has an average rating of "Moderate Buy" and an average target price 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.