Shelton Capital Management Has $230,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

Shelton Capital Management reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,807 shares of the transportation company’s stock after selling 300 shares during the quarter. Shelton Capital Management’s holdings in Delta Air Lines were worth $230,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Delta Air Lines by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock worth $4,380,820,000 after buying an additional 456,465 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Delta Air Lines by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company’s stock worth $968,234,000 after acquiring an additional 410,648 shares during the last quarter. FMR LLC boosted its position in Delta Air Lines by 29.3% during the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company’s stock valued at $602,327,000 after purchasing an additional 2,254,560 shares during the last quarter. Boston Partners purchased a new position in Delta Air Lines in the fourth quarter valued at about $328,398,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Delta Air Lines by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,597,589 shares of the transportation company’s stock valued at $217,654,000 after purchasing an additional 100,102 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Delta Air Lines

In related news, 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 transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the company’s 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 directly owns 19,756 shares in the company, valued at $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 162,886 shares of company stock valued at $11,116,463. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

DAL has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. UBS Group cut shares of Delta Air Lines from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $77.00 to $42.00 in a report on Monday. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America decreased their price target on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.06.

Delta Air Lines Stock Up 3.9 %

NYSE DAL opened at $40.88 on Friday. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The stock has a market cap of $26.43 billion, a PE ratio of 7.67, a PEG ratio of 0.75 and a beta of 1.23. The firm has a 50-day simple moving average of $52.37 and a 200 day simple moving average of $57.69. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. On average, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is 11.26%.

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.