iA Global Asset Management Inc. Sells 4,662 Shares of Delta Air Lines, Inc. (NYSE:DAL)

iA Global Asset Management Inc. trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,384 shares of the transportation company’s stock after selling 4,662 shares during the period. iA Global Asset Management Inc.’s holdings in Delta Air Lines were worth $3,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines during the fourth quarter worth $27,000. Hemington Wealth Management boosted its stake in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the period. Roxbury Financial LLC bought a new position in Delta Air Lines during the 4th quarter valued at about $29,000. Crews Bank & Trust purchased a new stake in Delta Air Lines in the 4th quarter worth about $30,000. Finally, Modus Advisors LLC bought a new stake in Delta Air Lines in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DAL shares. TD Cowen upped their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Citigroup reduced their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. UBS Group reduced their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $76.29.

Delta Air Lines Trading Down 1.7 %

Shares of NYSE:DAL opened at $46.92 on Friday. The company has a market capitalization of $30.33 billion, a PE ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.34. 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 12-month low of $37.29 and a 12-month high of $69.98. The business’s fifty day simple moving average is $61.21 and its 200-day simple moving average is $57.99.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 8,400 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value 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. This trade represents 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 worth $11,116,463 over the last three months. Corporate insiders own 0.96% of the company’s stock.

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.