Meeder Advisory Services Inc. Has $1.27 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Meeder Advisory Services Inc. lowered its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.6% in the 4th quarter, HoldingsChannel reports. The firm owned 20,930 shares of the transportation company’s stock after selling 331 shares during the period. Meeder Advisory Services Inc.’s holdings in Delta Air Lines were worth $1,266,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Donoghue Forlines LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at $2,036,000. Geode Capital Management LLC increased its stake in Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after purchasing an additional 416,338 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $3,593,000. Global Financial Private Client LLC boosted its position in shares of Delta Air Lines by 562.0% during the 4th quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company’s stock worth $681,000 after purchasing an additional 9,559 shares in the last quarter. Finally, BluePath Capital Management LLC increased its position in Delta Air Lines by 23.9% in the 4th quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company’s stock valued at $1,540,000 after buying an additional 4,567 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Delta Air Lines

In related news, SVP William C. Carroll sold 8,400 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the transaction, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at $3,425,478.21. The trade was a 41.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 in the last 90 days. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Stock Performance

NYSE:DAL opened at $43.38 on Thursday. The company has a market capitalization of $28.04 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.75 and a beta of 1.34. The business has a fifty day simple moving average of $57.49 and a two-hundred day simple moving average of $58.26. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. On average, analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.38%. Delta Air Lines’s payout ratio is 11.26%.

Analysts Set New Price Targets

A number of brokerages have commented on DAL. Susquehanna raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Citigroup decreased their price target 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. Raymond James dropped their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research note on Wednesday. UBS Group dropped their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Finally, The Goldman Sachs Group decreased their price objective on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average target price of $71.77.

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.