Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Lessened by Bessemer Group Inc.

Bessemer Group Inc. lessened its stake in Delta Air Lines, Inc. (NYSE:DAL) by 33.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,011 shares of the transportation company’s stock after selling 8,140 shares during the quarter. Bessemer Group Inc.’s holdings in Delta Air Lines were worth $968,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DAL. Orion Portfolio Solutions LLC boosted its position in Delta Air Lines by 14.0% during the third quarter. Orion Portfolio Solutions LLC now owns 19,541 shares of the transportation company’s stock valued at $992,000 after purchasing an additional 2,401 shares during the last quarter. Invst LLC increased its holdings in Delta Air Lines by 2.2% in the third quarter. Invst LLC now owns 43,929 shares of the transportation company’s stock worth $2,231,000 after buying an additional 954 shares during the last quarter. World Investment Advisors LLC bought a new position in Delta Air Lines during the third quarter valued at approximately $301,000. Wilmington Savings Fund Society FSB grew its position in Delta Air Lines by 7.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 9,111 shares of the transportation company’s stock worth $463,000 after acquiring an additional 667 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Delta Air Lines by 31.5% during the 3rd quarter. Tidal Investments LLC now owns 82,635 shares of the transportation company’s stock worth $4,197,000 after purchasing an additional 19,815 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In other news, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction 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 sale, the executive vice president now owns 35,889 shares in the company, valued at approximately $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock worth $11,116,463 in the last quarter. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DAL has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. TD Cowen raised their price objective on Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, April 10th. Susquehanna lowered their price target on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a report on Monday, April 7th. Citigroup reduced their price objective on shares of 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. Finally, Raymond James dropped their target price 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. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.06.

Delta Air Lines Trading Down 1.4 %

Shares of DAL stock opened at $40.29 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a fifty day moving average of $51.80 and a 200-day moving average of $57.66. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s payout ratio is 10.64%.

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.