Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its stake in Delta Air Lines, Inc. (NYSE:DAL) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,721 shares of the transportation company’s stock after selling 37,805 shares during the quarter. Truist Financial Corp’s holdings in Delta Air Lines were worth $6,184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its position in Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after buying an additional 575 shares during the period. Headlands Technologies LLC acquired a new stake in Delta Air Lines during the third quarter worth about $35,000. Robeco Institutional Asset Management B.V. increased its stake in Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after acquiring an additional 1,224 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Delta Air Lines by 147.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company’s stock worth $58,000 after acquiring an additional 855 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in Delta Air Lines during the third quarter worth about $56,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Peter W. Carter sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,500,000.00. Following the sale, the executive vice president now owns 143,328 shares of the company’s stock, valued at approximately $7,166,400. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Peter W. Carter sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,500,000.00. Following the sale, the executive vice president now owns 143,328 shares of the company’s stock, valued at approximately $7,166,400. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Willie Cw Chiang bought 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were acquired at an average cost of $49.50 per share, for a total transaction of $495,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $495,000. The disclosure for this purchase can be found here. Insiders have sold a total of 174,073 shares of company stock valued at $8,581,207 in the last quarter. Insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DAL shares. Bank of America increased their target price on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased 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. UBS Group started 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. Finally, StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Trading Up 1.0 %

NYSE:DAL opened at $51.55 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The business’s 50 day moving average is $45.98 and its two-hundred day moving average is $40.72. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $51.65. The company has a market cap of $32.99 billion, a PE ratio of 6.63, a P/E/G ratio of 0.76 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter last year, the business posted $0.25 EPS. Delta Air Lines’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Delta Air Lines, Inc. will post 6.55 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Monday, May 13th. Delta Air Lines’s dividend payout ratio is presently 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.