BI Asset Management Fondsmaeglerselskab A S Sells 39,113 Shares of Delta Air Lines, Inc. (NYSE:DAL)

BI Asset Management Fondsmaeglerselskab A S cut its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 36.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,150 shares of the transportation company's stock after selling 39,113 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Delta Air Lines were worth $4,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DAL. Donoghue Forlines LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at about $2,036,000. Mount Yale Investment Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter worth about $3,593,000. Global Financial Private Client LLC lifted its position in shares of Delta Air Lines by 562.0% in the 4th quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company's stock worth $681,000 after purchasing an additional 9,559 shares during the period. BluePath Capital Management LLC lifted its holdings in Delta Air Lines by 23.9% in the fourth quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company's stock valued at $1,540,000 after buying an additional 4,567 shares during the period. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Delta Air Lines during the 4th quarter valued at about $244,000. Institutional investors own 69.93% of the company's stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the company'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 transaction of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,776 shares of company stock worth $4,155,951. Insiders own 0.96% of the company's stock.

Delta Air Lines Price Performance

DAL traded down $0.38 on Friday, reaching $41.64. The company had a trading volume of 7,190,385 shares, compared to its average volume of 9,240,796. The business has a 50 day simple moving average of $47.30 and a 200 day simple moving average of $57.01. 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 company has a market cap of $27.19 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data 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). 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 analysts' expectations of $13.85 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The business's quarterly revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.44%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's dividend payout ratio is presently 10.64%.

Analysts Set New Price Targets

A number of brokerages recently commented on DAL. Barclays decreased their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Dbs Bank cut Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. TD Cowen upped their price objective on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, April 10th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Delta Air Lines has an average rating of "Moderate Buy" and a consensus target price of $61.06.

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.