Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Lowered by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 79,023 shares of the transportation company’s stock after selling 4,849 shares during the period. Citizens Financial Group Inc. RI’s holdings in Delta Air Lines were worth $3,179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Delta Air Lines by 495.7% in the 3rd 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 in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after purchasing an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Delta Air Lines by 55.2% in 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 in the last quarter. Headlands Technologies LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter worth approximately $35,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Delta Air Lines by 1,302.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after purchasing an additional 1,224 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 71,840 shares of the 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Edward H. Bastian sold 71,840 shares of the 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Insiders have sold a total of 195,913 shares of company stock worth $8,897,335 in the last 90 days. 0.89% of the stock is owned by insiders.

Delta Air Lines Stock Up 0.1 %

DAL stock traded up $0.04 during midday trading on Friday, reaching $49.92. The company had a trading volume of 9,982,953 shares, compared to its average volume of 12,289,924. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $50.24. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $32.21 billion, a P/E ratio of 6.41, a PEG ratio of 0.74 and a beta of 1.43. The company has a 50 day moving average of $45.03 and a two-hundred day moving average of $40.18.

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, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, May 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DAL. Susquehanna boosted their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Morgan Stanley restated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Bank of America boosted their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $58.29.

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.