Tredje AP fonden Decreases Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Tredje AP fonden lessened its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,646 shares of the transportation company's stock after selling 12,646 shares during the period. Tredje AP fonden's holdings in Delta Air Lines were worth $765,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $27,000. Roxbury Financial LLC acquired a new position in Delta Air Lines in the 4th quarter valued at approximately $29,000. Hemington Wealth Management raised its stake in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after acquiring an additional 154 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of Delta Air Lines during the fourth quarter worth $30,000. Finally, Modus Advisors LLC bought a new stake in shares of Delta Air Lines in the fourth quarter worth $33,000. 69.93% of the stock is currently owned by institutional investors.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 439,819 shares of the company's stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 over the last 90 days. Insiders own 0.96% of the company's stock.

Remove Ads

Delta Air Lines Stock Up 4.0 %

DAL stock traded up $1.86 during trading on Wednesday, reaching $47.78. 11,343,081 shares of the stock were exchanged, compared to its average volume of 8,764,038. The firm has a market cap of $30.89 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98. The firm's 50 day moving average is $61.77 and its 200 day moving average is $58.14. 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 (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion during 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%. Delta Air Lines's revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 EPS. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. Delta Air Lines's dividend payout ratio is presently 11.26%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DAL. 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 report on Tuesday, March 11th. Susquehanna lifted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research note on Tuesday, January 7th. Citigroup decreased their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, StockNews.com raised shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines presently 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.