Bokf Na Lowers Stake in Delta Air Lines, Inc. (NYSE:DAL)

Bokf Na cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 14.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,941 shares of the transportation company’s stock after selling 1,679 shares during the quarter. Bokf Na’s holdings in Delta Air Lines were worth $666,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DAL. New Wave Wealth Advisors LLC purchased a new stake in Delta Air Lines in the 4th quarter worth $27,000. Hemington Wealth Management grew its position in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new position in Delta Air Lines in the 4th quarter worth approximately $29,000. Crews Bank & Trust bought a new position in Delta Air Lines in the 4th quarter worth approximately $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock valued at $32,000 after buying an additional 431 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DAL. Citigroup dropped their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. UBS Group raised their price objective on Delta Air Lines from $42.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays decreased their target price on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Finally, Bank of America decreased their price objective on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Moderate Buy” and an average price target of $61.37.

Insider Activity at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $48.28 on Friday. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The company’s 50-day moving average is $44.06 and its 200 day moving average is $56.38. The firm has a market capitalization of $31.52 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. 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 (NYSE:DAL) last issued its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The business had revenue of $12.98 billion for 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines’s payout ratio is presently 10.64%.

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.