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

American Financial Advisors LLC decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 136,932 shares of the transportation company’s stock after selling 14,969 shares during the period. Delta Air Lines accounts for 1.2% of American Financial Advisors LLC’s holdings, making the stock its 24th largest position. American Financial Advisors LLC’s holdings in Delta Air Lines were worth $8,284,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter worth about $341,000. Vontobel Holding Ltd. increased its position in shares of Delta Air Lines by 2.1% during the third quarter. Vontobel Holding Ltd. now owns 32,379 shares of the transportation company’s stock valued at $1,645,000 after acquiring an additional 680 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Delta Air Lines by 3.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,645 shares of the transportation company’s stock valued at $1,303,000 after acquiring an additional 778 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Delta Air Lines by 30.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 9,844 shares of the transportation company’s stock worth $500,000 after acquiring an additional 2,275 shares during the last quarter. Finally, Richard W. Paul & Associates LLC boosted its position in shares of Delta Air Lines by 99.0% during the 3rd quarter. Richard W. Paul & Associates LLC now owns 1,745 shares of the transportation company’s stock worth $89,000 after purchasing an additional 868 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of Delta Air Lines stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares of the company’s stock, valued at $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 over the last ninety days. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DAL shares. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup raised their target price on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen boosted their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Jefferies Financial Group raised their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Susquehanna upped their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average price target of $78.22.

Delta Air Lines Stock Up 2.1 %

Shares of NYSE DAL opened at $65.41 on Friday. The business has a 50-day moving average of $64.14 and a two-hundred day moving average of $55.53. The company has a market capitalization of $42.21 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. 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 announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 earnings per share. On average, analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.92%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

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.