Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,254 shares of the transportation company’s stock after selling 633 shares during the quarter. Delta Air Lines comprises about 0.8% of Intellectus Partners LLC’s investment portfolio, making the stock its 26th largest holding. Intellectus Partners LLC’s holdings in Delta Air Lines were worth $3,403,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Crossmark Global Holdings Inc. increased its stake in shares of Delta Air Lines by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock valued at $13,644,000 after purchasing an additional 13,802 shares during the period. KBC Group NV grew its holdings in Delta Air Lines by 143.7% in the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock worth $2,876,000 after buying an additional 33,378 shares in the last quarter. Donoghue Forlines LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at approximately $2,036,000. New Millennium Group LLC raised its stake in Delta Air Lines by 314.0% during the 3rd quarter. New Millennium Group LLC now owns 36,460 shares of the transportation company’s stock valued at $1,852,000 after acquiring an additional 27,654 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after acquiring an additional 416,338 shares during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 3.2 %

NYSE DAL opened at $53.18 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The firm’s fifty day simple moving average is $63.68 and its 200-day simple moving average is $57.63. The company has a market capitalization of $34.38 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DAL. Jefferies Financial Group raised their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays raised their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $78.22.

Insider Buying and Selling

In other news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by insiders.

Delta Air Lines 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.