Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Decreased by Conscious Wealth Investments LLC

Conscious Wealth Investments LLC trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,144 shares of the transportation company’s stock after selling 1,169 shares during the quarter. Delta Air Lines makes up approximately 3.5% of Conscious Wealth Investments LLC’s holdings, making the stock its 6th biggest position. Conscious Wealth Investments LLC’s holdings in Delta Air Lines were worth $5,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DAL. Allspring Global Investments Holdings LLC increased its stake in Delta Air Lines by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 36,948 shares of the transportation company’s stock worth $1,877,000 after acquiring an additional 699 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter worth about $205,000. Sequoia Financial Advisors LLC boosted its position in shares of Delta Air Lines by 9.2% during the third quarter. Sequoia Financial Advisors LLC now owns 15,274 shares of the transportation company’s stock valued at $776,000 after buying an additional 1,287 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Delta Air Lines by 1,306.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 311,271 shares of the transportation company’s stock valued at $15,809,000 after acquiring an additional 289,143 shares during the period. Finally, Joel Isaacson & Co. LLC purchased a new position in Delta Air Lines in the 3rd quarter worth about $584,000. 69.93% of the stock is currently owned by institutional investors.

Insider Transactions at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines 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 owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the transaction, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This trade represents a 40.38 % 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 worth $11,116,463 in the last ninety days. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

DAL has been the topic of several research analyst reports. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Citigroup raised their price target on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $59.88 on Monday. The firm has a market cap of $38.71 billion, a PE ratio of 11.23, a P/E/G ratio of 0.75 and a beta of 1.36. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98. The business has a 50-day moving average price of $64.27 and a 200 day moving average price of $56.57. 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 earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.28 earnings per share. Sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared 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 1.00%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Delta Air Lines 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.