Delta Air Lines, Inc. $DAL Shares Sold by MIdWestOne Financial Group Inc.

MIdWestOne Financial Group Inc. cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 24.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,168 shares of the transportation company’s stock after selling 10,460 shares during the period. MIdWestOne Financial Group Inc.’s holdings in Delta Air Lines were worth $2,232,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaQuest LLC boosted its holdings in shares of Delta Air Lines by 90.6% in the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after buying an additional 211 shares during the period. Accredited Wealth Management LLC boosted its holdings in shares of Delta Air Lines by 1,983.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after buying an additional 476 shares during the period. Lloyd Advisory Services LLC. acquired a new position in shares of Delta Air Lines in the 4th quarter valued at about $31,000. SWAN Capital LLC boosted its holdings in shares of Delta Air Lines by 1,016.0% in the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after buying an additional 508 shares during the period. Finally, Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at about $34,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Up 7.1%

DAL stock opened at $81.91 on Friday. Delta Air Lines, Inc. has a 52 week low of $45.28 and a 52 week high of $83.83. The company has a market capitalization of $53.81 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30. The firm’s 50-day moving average is $72.72 and its two-hundred day moving average is $69.44. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.05 billion. During the same period in the previous year, the firm earned $0.46 EPS. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. On average, analysts forecast that Delta Air Lines, Inc. will post 5.37 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 14th. Delta Air Lines’s payout ratio is 10.93%.

Insiders Place Their Bets

In related news, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the sale, the executive vice president directly owned 95,025 shares in the company, valued at $7,738,836. The trade was a 20.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John E. Laughter sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the completion of the sale, the executive vice president owned 54,369 shares in the company, valued at $3,893,364.09. The trade was a 21.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DAL shares. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Weiss Ratings lowered shares of Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. UBS Group lifted their price target on shares of Delta Air Lines from $95.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Susquehanna decreased their price target on shares of Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a report on Thursday, April 9th. Finally, Evercore reissued an “outperform” rating and set a $85.00 target price on shares of Delta Air Lines in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus target price of $80.85.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.