Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 24.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,461 shares of the transportation company’s stock after selling 3,743 shares during the quarter. Global Retirement Partners LLC’s holdings in Delta Air Lines were worth $693,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DAL. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $27,000. Hemington Wealth Management increased its stake in Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares during the period. Roxbury Financial LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $29,000. Crews Bank & Trust acquired a new position in Delta Air Lines in the 4th quarter valued at $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in Delta Air Lines in the 3rd quarter valued at $31,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 in the last three months. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DAL shares. Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. TD Cowen boosted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Barclays boosted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, UBS Group restated a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $78.22.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $59.88 on Friday. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm’s 50-day simple moving average is $64.27 and its 200 day simple moving average is $56.44. The firm has a market capitalization of $38.71 billion, a PE ratio of 11.23, a P/E/G ratio of 0.75 and a beta of 1.36.

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

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

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.