Capital Group Private Client Services Inc. Sells 4,218 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Capital Group Private Client Services Inc. lessened its stake in Delta Air Lines, Inc. (NYSE:DAL) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,026 shares of the transportation company’s stock after selling 4,218 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Delta Air Lines were worth $15,429,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Invst LLC boosted its holdings in shares of Delta Air Lines by 2.2% in the 3rd 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 purchased a new position in Delta Air Lines in the third quarter valued at about $301,000. Wilmington Savings Fund Society FSB grew its position in shares of Delta Air Lines by 7.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,111 shares of the transportation company’s stock valued at $463,000 after acquiring an additional 667 shares during the period. 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. Finally, Inspire Trust Co. N.A. raised its holdings in shares of Delta Air Lines by 55.1% in the 3rd quarter. Inspire Trust Co. N.A. now owns 53,480 shares of the transportation company’s stock worth $2,716,000 after purchasing an additional 19,000 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business’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 owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 154,486 shares of company stock valued at $10,561,895. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup lowered their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Dbs Bank downgraded shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. UBS Group downgraded shares of Delta Air Lines from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $77.00 to $42.00 in a research note on Monday, April 7th. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Finally, Barclays reduced their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.06.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $40.81 on Friday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. 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 firm has a market capitalization of $26.38 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.75 and a beta of 1.23. The company’s fifty day moving average price is $49.72 and its 200-day moving average price is $57.29.

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

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. Delta Air Lines’s dividend payout ratio (DPR) 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.