Royal London Asset Management Ltd. Has $3.62 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Royal London Asset Management Ltd. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 98.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,744 shares of the transportation company's stock after selling 4,769,500 shares during the period. Royal London Asset Management Ltd.'s holdings in Delta Air Lines were worth $3,615,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DAL. Sanders Capital LLC grew its stake in Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after buying an additional 749,099 shares during the last quarter. Geode Capital Management LLC boosted its stake in Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock worth $789,452,000 after purchasing an additional 416,338 shares in the last quarter. Boston Partners bought a new stake in shares of Delta Air Lines during the fourth quarter worth $328,398,000. Castle Hook Partners LP acquired a new stake in Delta Air Lines in the 3rd quarter valued at about $189,296,000. Finally, Charles Schwab Investment Management Inc. raised its position in Delta Air Lines by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,597,589 shares of the transportation company's stock worth $217,654,000 after purchasing an additional 100,102 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the business's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now owns 19,756 shares of the company's stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 in the last three months. Insiders own 0.96% of the company's stock.

Delta Air Lines Stock Down 5.1 %

Shares of NYSE:DAL traded down $2.36 during trading on Friday, hitting $43.80. 15,126,638 shares of the company's stock traded hands, compared to its average volume of 9,065,092. 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 company has a 50-day moving average price of $59.38 and a 200-day moving average price of $58.18. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. 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.

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

Delta Air Lines Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. UBS Group lowered their target price on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. Citigroup dropped their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Barclays lowered 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 increased their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $76.29.

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.