Private Advisor Group LLC Decreases Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Private Advisor Group LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 30.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,820 shares of the transportation company’s stock after selling 27,972 shares during the quarter. Private Advisor Group LLC’s holdings in Delta Air Lines were worth $3,861,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have issued reports on DAL. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. UBS Group reissued a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Barclays increased their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Fourteen analysts have rated the stock with 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 an average rating of “Buy” and an average price target of $78.22.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $59.88 on Monday. The company has a 50-day moving average price of $64.27 and a 200 day moving average price of $56.57. 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 $38.71 billion, a P/E ratio of 11.23, a PEG ratio of 0.75 and a beta of 1.36. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate 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 net margin of 5.61% and a return on equity of 30.41%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 EPS. Research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.26%.

Insider Activity at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by insiders.

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.