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

Addison Advisors LLC trimmed its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,077 shares of the transportation company’s stock after selling 450 shares during the period. Addison Advisors LLC’s holdings in Delta Air Lines were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caprock Group LLC boosted its position in Delta Air Lines by 89.6% during the third quarter. Caprock Group LLC now owns 8,535 shares of the transportation company’s stock worth $316,000 after purchasing an additional 4,034 shares in the last quarter. Czech National Bank lifted its position in shares of Delta Air Lines by 47.8% in the third quarter. Czech National Bank now owns 112,471 shares of the transportation company’s stock valued at $4,161,000 after acquiring an additional 36,387 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of Delta Air Lines by 3.3% in the third quarter. Handelsbanken Fonder AB now owns 345,690 shares of the transportation company’s stock valued at $12,791,000 after acquiring an additional 10,994 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Delta Air Lines by 94.6% in the third quarter. Ballentine Partners LLC now owns 9,146 shares of the transportation company’s stock valued at $338,000 after acquiring an additional 4,445 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its position in shares of Delta Air Lines by 0.9% in the third quarter. Investment Research & Advisory Group Inc. now owns 34,868 shares of the transportation company’s stock valued at $1,290,000 after acquiring an additional 315 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DAL. UBS Group began coverage on 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. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Susquehanna lifted their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Trading Up 0.1 %

Shares of NYSE DAL traded up $0.04 during trading on Friday, reaching $49.92. The stock had a trading volume of 9,982,953 shares, compared to its average volume of 12,289,924. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $50.24. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The business’s 50-day moving average price is $45.03 and its 200-day moving average price is $40.18. The company has a market cap of $32.21 billion, a P/E ratio of 6.41, a PEG ratio of 0.74 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating 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 return on equity of 41.89% and a net margin of 8.48%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. On average, equities research analysts predict that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors 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 dividend on an annualized basis and a yield of 0.80%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Insider Activity at Delta Air Lines

In related news, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the transaction, the president now directly owns 217,584 shares in the company, valued at $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 195,913 shares of company stock worth $8,897,335. Company insiders own 0.89% of the company’s stock.

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.