Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,825 shares of the transportation company’s stock after selling 1,602 shares during the quarter. EP Wealth Advisors LLC’s holdings in Delta Air Lines were worth $1,986,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Corton Capital Inc. purchased a new stake in shares of Delta Air Lines during the 4th quarter worth $219,000. Crestline Management LP lifted its stake in shares of Delta Air Lines by 147.6% in the fourth quarter. Crestline Management LP now owns 124,109 shares of the transportation company’s stock valued at $7,509,000 after purchasing an additional 73,983 shares during the period. Castle Hook Partners LP boosted its holdings in Delta Air Lines by 27.4% during the fourth quarter. Castle Hook Partners LP now owns 4,746,535 shares of the transportation company’s stock worth $287,165,000 after buying an additional 1,019,498 shares in the last quarter. Centiva Capital LP grew its position in Delta Air Lines by 229.0% during the fourth quarter. Centiva Capital LP now owns 25,288 shares of the transportation company’s stock worth $1,530,000 after buying an additional 17,602 shares during the period. Finally, Cercano Management LLC purchased a new position in Delta Air Lines in the fourth quarter valued at about $2,720,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. TD Cowen boosted their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, April 10th. 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. Raymond James dropped their price target on Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 2nd. UBS Group boosted their price objective on shares of Delta Air Lines from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, The Goldman Sachs Group dropped 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 report on Wednesday, April 2nd. Four equities research 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. According to MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus target price of $61.37.

Delta Air Lines Price Performance

DAL stock opened at $48.28 on Friday. The stock’s fifty day simple moving average is $44.06 and its 200-day simple moving average is $56.38. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The stock has a market capitalization of $31.52 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

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

Delta Air Lines Dividend Announcement

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

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was 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. This represents a 41.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.96% of the stock is currently owned by company insiders.

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.