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

Strategic Advisors LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 20.1% during the first quarter, Holdings Channel.com reports. The firm owned 9,398 shares of the transportation company’s stock after selling 2,368 shares during the period. Strategic Advisors LLC’s holdings in Delta Air Lines were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after acquiring an additional 2,302 shares during the period. Van ECK Associates Corp raised its holdings in Delta Air Lines by 123.7% during the fourth quarter. Van ECK Associates Corp now owns 9,392 shares of the transportation company’s stock worth $568,000 after purchasing an additional 5,194 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Delta Air Lines by 2.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 119,834 shares of the transportation company’s stock worth $7,341,000 after purchasing an additional 3,070 shares during the period. Principal Securities Inc. boosted its stake in Delta Air Lines by 6.1% during the 4th quarter. Principal Securities Inc. now owns 18,382 shares of the transportation company’s stock valued at $1,112,000 after purchasing an additional 1,064 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Delta Air Lines by 19.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 58,509 shares of the transportation company’s stock valued at $3,540,000 after purchasing an additional 9,470 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL stock opened at $47.32 on Wednesday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The firm has a 50-day moving average of $46.27 and a two-hundred day moving average of $54.19. The firm has a market capitalization of $30.89 billion, a PE ratio of 8.39, a P/E/G ratio of 2.50 and a beta of 1.51. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.83.

Delta Air Lines (NYSE:DAL) last released 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). Delta Air Lines had a net margin of 5.91% and a return on equity of 28.18%. The firm had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. On average, analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.27%. Delta Air Lines’s payout ratio is currently 10.64%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Dbs Bank downgraded Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Raymond James Financial cut their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 2nd. UBS Group set a $66.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Monday, May 19th. 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 on the stock in a report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

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.