Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,393 shares of the transportation company's stock after selling 10,389 shares during the quarter. XTX Topco Ltd's holdings in Delta Air Lines were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WASHINGTON TRUST Co lifted its position in Delta Air Lines by 7.5% during the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock valued at $130,000 after acquiring an additional 150 shares during the last quarter. Hemington Wealth Management grew 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 worth $28,000 after acquiring an additional 154 shares during the last quarter. HighPoint Advisor Group LLC raised its position in shares of Delta Air Lines by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock valued at $554,000 after purchasing an additional 155 shares during the last quarter. Mason & Associates Inc boosted its stake in Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company's stock worth $308,000 after purchasing an additional 160 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Delta Air Lines by 1.2% during the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock valued at $865,000 after purchasing an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of research analyst reports. Barclays dropped their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Raymond James cut 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. Finally, 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, March 18th. Four research 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. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of "Moderate Buy" and a consensus price target of $61.06.

Insider Activity

In other news, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of Delta Air Lines stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction 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. The trade was a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 154,486 shares of company stock valued at $10,561,895. Company insiders own 0.96% of the company's stock.

Delta Air Lines Stock Up 0.5 %

Shares of NYSE DAL traded up $0.22 during mid-day trading on Friday, hitting $40.81. The company had a trading volume of 8,109,884 shares, compared to its average volume of 9,273,822. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The company has a market capitalization of $26.38 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The business's 50-day simple moving average is $49.72 and its 200 day simple moving average is $57.29.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). The business had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 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 down 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. On average, analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

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

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.