Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 7.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,948 shares of the transportation company’s stock after selling 548 shares during the period. Institute for Wealth Management LLC.’s holdings in Delta Air Lines were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DAL. Norges Bank acquired a new position in Delta Air Lines in the fourth quarter worth about $60,640,000. Amundi boosted its stake in Delta Air Lines by 79.5% in the fourth quarter. Amundi now owns 3,396,524 shares of the transportation company’s stock valued at $129,679,000 after acquiring an additional 1,504,544 shares during the period. AQR Capital Management LLC boosted its stake in Delta Air Lines by 211.1% in the first quarter. AQR Capital Management LLC now owns 2,127,687 shares of the transportation company’s stock valued at $73,661,000 after acquiring an additional 1,443,810 shares during the period. Vanguard Group Inc. boosted its stake in Delta Air Lines by 1.9% in the first quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock valued at $2,700,032,000 after acquiring an additional 1,267,578 shares during the period. Finally, Invesco Ltd. boosted its stake in Delta Air Lines by 27.0% in the third quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock valued at $178,112,000 after acquiring an additional 1,022,957 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on DAL. UBS Group began coverage on Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Finally, Bank of America lifted their price target on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $58.29.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is owned by corporate insiders.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $47.57 on Friday. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $49.81. The stock has a market cap of $30.70 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 0.71 and a beta of 1.43. The stock’s 50 day moving average price is $44.16 and its 200 day moving average price is $39.75. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter in the previous year, the company earned $0.25 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines, Inc. will post 6.52 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 Monday, March 18th. Investors of record on Monday, February 26th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.84%. Delta Air Lines’s payout ratio is 5.14%.

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.