Amalgamated Bank Sells 7,520 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Amalgamated Bank trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,516 shares of the transportation company’s stock after selling 7,520 shares during the period. Amalgamated Bank’s holdings in Delta Air Lines were worth $7,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Venturi Wealth Management LLC grew its position in shares of Delta Air Lines by 396.6% during the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 575 shares in the last quarter. Headlands Technologies LLC bought a new stake in Delta Air Lines in the third quarter worth $35,000. Robeco Institutional Asset Management B.V. lifted its stake in Delta Air Lines by 1,302.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after purchasing an additional 1,224 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Delta Air Lines in the third quarter worth $56,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Delta Air Lines by 147.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 855 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $51.55 on Friday. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $51.65. The stock has a market capitalization of $32.99 billion, a P/E ratio of 6.63, a PEG ratio of 0.77 and a beta of 1.38. The firm has a fifty day simple moving average of $45.98 and a two-hundred day simple moving average of $40.72. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. On average, analysts expect that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a $0.10 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.78%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, Director Willie Cw Chiang bought 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were acquired at an average price of $49.50 per share, with a total value of $495,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $495,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Willie Cw Chiang bought 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average price of $49.50 per share, with a total value of $495,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $495,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now directly owns 141,451 shares in the company, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,073 shares of company stock worth $8,581,207. 0.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DAL has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Susquehanna upped their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. UBS Group began coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $58.29.

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.