FineMark National Bank & Trust Boosts Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

FineMark National Bank & Trust lifted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 17,810 shares of the transportation company’s stock after acquiring an additional 410 shares during the quarter. FineMark National Bank & Trust’s holdings in Delta Air Lines were worth $1,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DAL. Vanguard Group Inc. boosted its stake in shares of Delta Air Lines by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock valued at $4,380,820,000 after buying an additional 456,465 shares during the period. Sanders Capital LLC lifted its stake in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after acquiring an additional 749,099 shares during the last quarter. Geode Capital Management LLC lifted 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 acquiring an additional 416,338 shares during the last quarter. Boston Partners acquired a new position in Delta Air Lines during the 4th quarter worth approximately $328,398,000. Finally, Castle Hook Partners LP purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $189,296,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the transaction, the executive vice president now owns 35,889 shares in the company, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $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 quarter, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by insiders.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $48.67 on Wednesday. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The stock has a market capitalization of $31.46 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.75 and a beta of 1.34. The company has a 50-day simple moving average of $60.13 and a 200-day simple moving average of $58.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the prior year, the business earned $1.28 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed 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 1.23%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Wall Street Analyst Weigh In

DAL has been the subject of a number of analyst reports. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays dropped their price objective on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Citigroup decreased their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. UBS Group dropped their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Finally, Susquehanna boosted their price objective 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. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $76.29.

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.