B. Metzler seel. Sohn & Co. AG Acquires Shares of 9,435 Delta Air Lines, Inc. (NYSE:DAL)

B. Metzler seel. Sohn & Co. AG purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,435 shares of the transportation company's stock, valued at approximately $571,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. 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 boosted its holdings in shares of Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after buying an additional 154 shares during the period. Roxbury Financial LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth approximately $29,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $30,000. Finally, Modus Advisors LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 439,819 shares of the company's stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rahul D. Samant sold 38,023 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares of the company's stock, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 in the last ninety days. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on DAL. Bank of America reduced their target price on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Raymond James decreased their price objective on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. TD Cowen upped their target price on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday. Barclays decreased their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $62.77.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock traded down $4.51 on Thursday, reaching $39.76. The stock had a trading volume of 6,839,779 shares, compared to its average volume of 9,371,635. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The business's 50-day moving average price is $53.48 and its two-hundred day moving average price is $57.81. The stock has a market cap of $25.70 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm's revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. Delta Air Lines's payout ratio is 11.26%.

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.