Foundry Partners LLC Reduces Position in Delta Air Lines, Inc. (NYSE:DAL)

Foundry Partners LLC reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 21.7% during the 4th quarter, HoldingsChannel reports. The firm owned 541,260 shares of the transportation company’s stock after selling 150,062 shares during the quarter. Delta Air Lines comprises about 1.6% of Foundry Partners LLC’s investment portfolio, making the stock its 5th biggest position. Foundry Partners LLC’s holdings in Delta Air Lines were worth $32,746,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Donoghue Forlines LLC bought a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $2,036,000. Geode Capital Management LLC grew its position in Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after purchasing an additional 416,338 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth about $3,593,000. Global Financial Private Client LLC lifted its stake in shares of Delta Air Lines by 562.0% in the fourth quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company’s stock valued at $681,000 after buying an additional 9,559 shares during the period. Finally, BluePath Capital Management LLC increased its stake in Delta Air Lines by 23.9% during the fourth quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company’s stock valued at $1,540,000 after acquiring an additional 4,567 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Insider Transactions at Delta Air Lines

In other news, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the transaction, the executive vice president now owns 35,889 shares of the company’s stock, valued at $2,479,212.12. The trade was a 33.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DAL. TD Cowen raised their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Susquehanna upped their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Raymond James cut their price objective on Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a report on Wednesday. Citigroup cut their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Finally, StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and an average price target of $71.49.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $38.70 on Friday. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The business has a 50-day moving average price of $56.92 and a two-hundred day moving average price of $58.12. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $25.02 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 EPS. Equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.26%.

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.