Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 3,275 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 136,320 shares of the transportation company’s stock after selling 3,275 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Delta Air Lines were worth $8,247,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Donoghue Forlines LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $2,036,000. Geode Capital Management LLC increased its stake in shares of Delta Air Lines by 2.8% during the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after purchasing an additional 416,338 shares in the last quarter. Castle Hook Partners LP bought a new position in shares of Delta Air Lines during the third quarter valued at approximately $189,296,000. Meridian Wealth Management LLC bought a new position in shares of Delta Air Lines during the third quarter valued at approximately $1,693,000. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $3,593,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 0.1 %

Shares of Delta Air Lines stock opened at $46.89 on Friday. The company’s fifty day simple moving average is $60.80 and its 200-day simple moving average is $58.02. The stock has a market capitalization of $30.31 billion, a PE ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. 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 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 business had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction 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 owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DAL has been the subject of several analyst reports. Citigroup reduced their price target 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. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Susquehanna raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. TD Cowen raised their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, UBS Group reduced their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $76.29.

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.