Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Xponance Inc.

Xponance Inc. lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,030 shares of the transportation company’s stock after selling 525 shares during the period. Xponance Inc.’s holdings in Delta Air Lines were worth $3,381,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock worth $25,000 after purchasing an additional 570 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in Delta Air Lines in the fourth quarter valued at approximately $28,000. Venturi Wealth Management LLC grew its holdings in shares of Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Moisand Fitzgerald Tamayo LLC raised its position in shares of Delta Air Lines by 55.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock worth $32,000 after purchasing an additional 311 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Down 0.6 %

Shares of Delta Air Lines stock opened at $47.57 on Monday. The stock’s fifty day moving average is $44.16 and its 200-day moving average is $39.77. The firm has a market capitalization of $30.70 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $49.81. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were paid a $0.10 dividend. 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 dividend payout ratio is presently 5.14%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DAL shares. Susquehanna upped their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a report on Thursday, April 11th. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Bank of America boosted their price objective on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $58.29.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.89% of the stock is currently owned by company insiders.

About Delta Air Lines

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.