Banco Bilbao Vizcaya Argentaria S.A. Trims Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Banco Bilbao Vizcaya Argentaria S.A. lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 270,091 shares of the transportation company's stock after selling 55,103 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Delta Air Lines were worth $16,539,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. WASHINGTON TRUST Co raised its position in shares of Delta Air Lines by 7.5% during the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock valued at $130,000 after buying an additional 150 shares in the last quarter. Hemington Wealth Management grew its stake in shares of Delta Air Lines by 48.1% during the fourth 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 last quarter. HighPoint Advisor Group LLC raised its holdings in shares of Delta Air Lines by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock worth $554,000 after buying an additional 155 shares during the period. Mason & Associates Inc grew its holdings in shares of Delta Air Lines by 3.2% in the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company's stock worth $308,000 after purchasing an additional 160 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its stake in Delta Air Lines by 1.2% in the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock worth $865,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on DAL shares. UBS Group lowered Delta Air Lines from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $77.00 to $42.00 in a research report on Monday, April 7th. StockNews.com downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Dbs Bank downgraded shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Susquehanna cut their target price on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research report on Monday, April 7th. Finally, 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 report on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.06.

Delta Air Lines Trading Down 1.7 %

NYSE:DAL traded down $0.72 during trading hours on Wednesday, hitting $41.36. The company had a trading volume of 4,515,890 shares, compared to its average volume of 9,202,221. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. 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 company has a 50-day moving average of $46.41 and a 200 day moving average of $56.93. The company has a market cap of $27.01 billion, a P/E ratio of 7.76, a P/E/G ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business's revenue was down 5.6% compared to the same quarter last year. Sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.45%. Delta Air Lines's dividend payout ratio is currently 10.64%.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 6,783 shares of the company's stock in a transaction that occurred on 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 sale, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated 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 directly owns 52,789 shares of the company's stock, valued at $3,425,478.21. This represents a 41.87 % 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. Corporate insiders own 0.96% of the company's stock.

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.