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

MCF Advisors LLC cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 11.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,040 shares of the transportation company’s stock after selling 658 shares during the quarter. MCF Advisors LLC’s holdings in Delta Air Lines were worth $203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAL. CWM LLC lifted its stake in Delta Air Lines by 5.9% in the 3rd quarter. CWM LLC now owns 17,168 shares of the transportation company’s stock valued at $635,000 after buying an additional 958 shares in the last quarter. IFP Advisors Inc lifted its stake in Delta Air Lines by 46.8% in the 3rd quarter. IFP Advisors Inc now owns 17,810 shares of the transportation company’s stock valued at $661,000 after buying an additional 5,678 shares in the last quarter. DnB Asset Management AS lifted its stake in Delta Air Lines by 15.4% in the 3rd quarter. DnB Asset Management AS now owns 37,976 shares of the transportation company’s stock worth $1,405,000 after purchasing an additional 5,069 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Delta Air Lines by 30.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 12,184 shares of the transportation company’s stock worth $451,000 after purchasing an additional 2,841 shares in the last quarter. Finally, Venture Visionary Partners LLC lifted its stake in Delta Air Lines by 3.8% in the 3rd quarter. Venture Visionary Partners LLC now owns 10,892 shares of the transportation company’s stock worth $403,000 after purchasing an additional 400 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on DAL. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Bank of America raised their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Trading Up 1.5 %

Shares of DAL stock traded up $0.72 during trading on Monday, hitting $48.29. 2,130,045 shares of the stock traded hands, compared to its average volume of 10,765,911. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $49.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The firm’s fifty day moving average price is $44.16 and its 200-day moving average price is $39.77. The firm has a market capitalization of $31.16 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.83%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the sale, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.89% of the stock is owned by insiders.

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.