MRP Capital Investments LLC Reduces Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

MRP Capital Investments LLC decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 36.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,030 shares of the transportation company’s stock after selling 14,891 shares during the period. MRP Capital Investments LLC’s holdings in Delta Air Lines were worth $1,047,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Delta Air Lines by 1.9% in the first quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock valued at $2,700,032,000 after purchasing an additional 1,267,578 shares during the last quarter. State Street Corp raised its holdings in Delta Air Lines by 2.8% during the 1st quarter. State Street Corp now owns 21,652,643 shares of the transportation company’s stock valued at $756,110,000 after acquiring an additional 579,727 shares during the period. Geode Capital Management LLC raised its holdings in Delta Air Lines by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 13,168,804 shares of the transportation company’s stock valued at $459,144,000 after acquiring an additional 351,286 shares during the period. Morgan Stanley raised 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 acquiring an additional 865,746 shares during the period. Finally, Royal London Asset Management Ltd. raised its holdings in Delta Air Lines by 17.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock valued at $188,514,000 after acquiring an additional 743,882 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

NYSE:DAL traded down $0.77 during midday trading on Friday, hitting $46.86. The company had a trading volume of 16,343,939 shares, compared to its average volume of 10,813,959. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $49.81. The stock’s fifty day moving average price is $43.44 and its 200-day moving average price is $39.35. The company has a market capitalization of $30.15 billion, a PE ratio of 6.02, a P/E/G ratio of 0.70 and a beta of 1.43. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 10th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same period in the previous year, the business earned $0.25 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts expect that Delta Air Lines, Inc. will post 6.51 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were given a dividend of $0.10 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.85%. Delta Air Lines’s payout ratio is 5.14%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines 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 transaction of $2,816,128.00. Following the completion of the sale, the chief executive officer now directly owns 428,768 shares in the company, valued at $16,807,705.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley reissued an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a report on Thursday. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Finally, Susquehanna upped their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday. One 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $58.29.

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.