Delta Air Lines, Inc. (NYSE:DAL) Stake Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 481,107 shares of the transportation company’s stock after purchasing an additional 38,423 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Delta Air Lines were worth $29,107,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Delta Air Lines by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock worth $4,380,820,000 after purchasing an additional 456,465 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Delta Air Lines by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company’s stock valued at $968,234,000 after buying an additional 410,648 shares in the last quarter. Boston Partners acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at $328,398,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Delta Air Lines by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,597,589 shares of the transportation company’s stock worth $217,654,000 after acquiring an additional 100,102 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Delta Air Lines by 8.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,544,750 shares of the transportation company’s stock worth $214,457,000 after acquiring an additional 274,067 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the sale, the senior vice president now owns 10,016 shares of the company’s stock, valued at approximately $660,455.04. The trade was a 40.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by insiders.

Delta Air Lines Stock Up 3.9 %

DAL stock opened at $40.88 on Friday. The firm has a market cap of $26.43 billion, a PE ratio of 7.67, a PEG ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a fifty day simple moving average of $52.37 and a 200 day simple moving average of $57.69. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The company had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is 11.26%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Raymond James reduced their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 2nd. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. The Goldman Sachs Group decreased their target price on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Barclays dropped their price target on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup lowered their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.06.

About Delta Air Lines

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.