Delta Air Lines, Inc. $DAL Stock Position Raised by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 425,654 shares of the transportation company’s stock after acquiring an additional 51,041 shares during the quarter. Cerity Partners LLC’s holdings in Delta Air Lines were worth $29,540,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. AlphaQuest LLC boosted its stake in shares of Delta Air Lines by 90.6% during the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after acquiring an additional 211 shares in the last quarter. Accredited Wealth Management LLC boosted its stake in shares of Delta Air Lines by 1,983.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after acquiring an additional 476 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Delta Air Lines during the 4th quarter worth $31,000. SWAN Capital LLC boosted its stake in shares of Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after acquiring an additional 508 shares in the last quarter. Finally, Camelot Portfolios LLC bought a new stake in shares of Delta Air Lines during the 4th quarter worth $34,000. 69.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of the sale, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Allison C. Ausband sold 5,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the sale, the executive vice president owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. This represents a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 149,635 shares of company stock worth $10,833,855. Corporate insiders own 0.80% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $76.62 on Thursday. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a 1 year low of $45.28 and a 1 year high of $83.83. The business has a fifty day simple moving average of $72.41 and a 200 day simple moving average of $69.28. The firm has a market cap of $50.34 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 1.15 and a beta of 1.30.

Delta Air Lines (NYSE:DALGet Free Report) last announced its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same period last year, the company earned $0.46 earnings per share. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 5.37 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.

Wall Street Analysts Forecast Growth

DAL has been the subject of several research reports. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Bank of America reduced their price objective on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Wells Fargo & Company decreased their target price on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Jefferies Financial Group raised their target price on Delta Air Lines from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Rothschild & Co Redburn decreased their target price on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.85.

Read Our Latest Research Report on DAL

Delta Air Lines Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DALFree Report).

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.