SCS Capital Management LLC Trims Stock Holdings in Delta Air Lines, Inc. $DAL

SCS Capital Management LLC lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 32.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,498 shares of the transportation company’s stock after selling 12,390 shares during the period. SCS Capital Management LLC’s holdings in Delta Air Lines were worth $1,770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DAL. AlphaQuest LLC boosted its holdings in Delta Air Lines by 90.6% in the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 211 shares during the last quarter. Accredited Wealth Management LLC boosted its holdings in Delta Air Lines by 1,983.3% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 476 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in Delta Air Lines in the fourth quarter valued at about $31,000. SWAN Capital LLC boosted its holdings in Delta Air Lines by 1,016.0% in the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 508 shares during the last quarter. Finally, Camelot Portfolios LLC purchased a new position in Delta Air Lines in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 1.2%

Shares of NYSE DAL opened at $81.45 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $70.48 and its two-hundred day moving average price is $68.22. The stock has a market capitalization of $53.51 billion, a P/E ratio of 11.87, a PEG ratio of 1.17 and a beta of 1.30. Delta Air Lines, Inc. has a 52-week low of $45.28 and a 52-week high of $83.83.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. On average, analysts anticipate that Delta Air Lines, Inc. will post 5.37 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, May 14th. Delta Air Lines’s dividend payout ratio is presently 10.93%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BNP Paribas Exane reduced their price target on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Sanford C. Bernstein increased their price target on Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Seaport Research Partners increased their price target on Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Raymond James Financial increased their price target on Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a report on Thursday, April 9th. Finally, Morgan Stanley increased their price target on Delta Air Lines from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.85.

Insider Transactions at Delta Air Lines

In other news, EVP Allison C. Ausband sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total transaction of $395,000.00. Following the sale, the executive vice president directly owned 133,854 shares in the company, valued at approximately $10,574,466. This represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John E. Laughter sold 15,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total value of $1,074,150.00. Following the sale, the executive vice president owned 54,369 shares in the company, valued at $3,893,364.09. The trade was a 21.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is currently owned by company insiders.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.