Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,363 shares of the transportation company’s stock after selling 579 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Delta Air Lines were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jennison Associates LLC grew its position in Delta Air Lines by 145.2% in the fourth quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock valued at $105,347,000 after acquiring an additional 1,550,770 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Delta Air Lines by 27.0% in the third quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock valued at $178,112,000 after purchasing an additional 1,022,957 shares during the period. Morgan Stanley grew its holdings in Delta Air Lines by 8.7% during the 3rd quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock valued at $401,048,000 after purchasing an additional 865,746 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in Delta Air Lines by 541.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 998,156 shares of the transportation company’s stock worth $36,932,000 after buying an additional 842,487 shares during the period. Finally, U S Global Investors Inc. lifted its holdings in Delta Air Lines by 21.1% in the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock worth $178,400,000 after buying an additional 773,636 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL opened at $50.46 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The company’s 50-day moving average price is $45.23 and its 200 day moving average price is $40.34. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $50.74. The firm has a market cap of $32.56 billion, a price-to-earnings ratio of 6.49, a price-to-earnings-growth ratio of 0.75 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 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same period in the prior year, the company earned $0.25 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Monday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of analyst reports. Bank of America lifted their target price on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. UBS Group assumed coverage on Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $58.29.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the transaction, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Edward H. Bastian sold 71,840 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $16,807,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the transaction, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 195,913 shares of company stock worth $8,897,335. Insiders own 0.89% 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.