U.S. Capital Wealth Advisors LLC Sells 9,027 Shares of Delta Air Lines, Inc. (NYSE:DAL)

U.S. Capital Wealth Advisors LLC lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,555 shares of the transportation company's stock after selling 9,027 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Delta Air Lines were worth $4,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its holdings in Delta Air Lines by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company's stock valued at $13,644,000 after buying an additional 13,802 shares during the period. KBC Group NV grew its position in Delta Air Lines by 143.7% during the third quarter. KBC Group NV now owns 56,611 shares of the transportation company's stock worth $2,876,000 after buying an additional 33,378 shares in the last quarter. Olstein Capital Management L.P. raised its holdings in Delta Air Lines by 32.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company's stock worth $8,888,000 after purchasing an additional 43,000 shares during the last quarter. Donoghue Forlines LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $2,036,000. Finally, River Road Asset Management LLC raised its holdings in Delta Air Lines by 22.8% in the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company's stock valued at $6,634,000 after acquiring an additional 24,249 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,423 shares of company stock worth $8,712,931. Company insiders own 0.96% of the company's stock.

Delta Air Lines Price Performance

NYSE:DAL traded down $1.20 during mid-day trading on Thursday, hitting $67.86. The company's stock had a trading volume of 5,998,206 shares, compared to its average volume of 8,343,710. The company has a market capitalization of $43.79 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.78 and a beta of 1.36. The stock has a fifty day moving average of $63.84 and a 200-day moving average of $54.51. 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 fifty-two week low of $37.29 and a fifty-two week high of $69.98.

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 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 the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. Delta Air Lines's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DAL. Susquehanna raised their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. Jefferies Financial Group increased their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. Bank of America upped their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Finally, TD Cowen raised their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Delta Air Lines has a consensus rating of "Buy" and an average target price of $78.22.

Delta Air Lines Company 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.