Wambolt & Associates LLC Has $296,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Wambolt & Associates LLC lowered its stake in Delta Air Lines, Inc. (NYSE:DAL) by 7.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,893 shares of the transportation company’s stock after selling 396 shares during the period. Wambolt & Associates LLC’s holdings in Delta Air Lines were worth $296,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Boston Partners acquired a new position in shares of Delta Air Lines during the 4th quarter worth about $328,398,000. Castle Hook Partners LP bought a new stake in Delta Air Lines in the third quarter valued at approximately $189,296,000. Raymond James Financial Inc. acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $64,577,000. Sanders Capital LLC raised its stake in Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after acquiring an additional 749,099 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Delta Air Lines by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock valued at $4,380,820,000 after purchasing an additional 456,465 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the transaction, the senior vice president now directly owns 10,016 shares in the company, valued at approximately $660,455.04. This represents a 40.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly 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. Over the last 90 days, insiders sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on DAL shares. Barclays decreased their price objective on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. UBS Group lowered 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 report on Tuesday, March 11th. Susquehanna upped their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, TD Cowen upped their price objective on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $76.29.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $48.67 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a market cap of $31.46 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a 50 day moving average of $60.13 and a 200-day moving average of $58.34. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98.

Delta Air Lines (NYSE:DAL) last released 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. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same period in the prior year, the company earned $1.28 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities research 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 firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is presently 11.26%.

About Delta Air Lines

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.