Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 24.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,482,161 shares of the transportation company's stock after selling 470,687 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.23% of Delta Air Lines worth $89,671,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Invst LLC raised its stake in shares of Delta Air Lines by 2.2% during the third quarter. Invst LLC now owns 43,929 shares of the transportation company's stock worth $2,231,000 after purchasing an additional 954 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Delta Air Lines in the third quarter valued at about $301,000. Wilmington Savings Fund Society FSB raised its holdings in Delta Air Lines by 7.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 9,111 shares of the transportation company's stock worth $463,000 after purchasing an additional 667 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Delta Air Lines by 31.5% during the 3rd quarter. Tidal Investments LLC now owns 82,635 shares of the transportation company's stock worth $4,197,000 after buying an additional 19,815 shares in the last quarter. Finally, Inspire Trust Co. N.A. boosted its stake in shares of Delta Air Lines by 55.1% in the third quarter. Inspire Trust Co. N.A. now owns 53,480 shares of the transportation company's stock valued at $2,716,000 after buying an additional 19,000 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group cut shares of Delta Air Lines from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $77.00 to $42.00 in a research note on Monday, April 7th. Susquehanna reduced their price objective on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. The Goldman Sachs Group lowered their target price on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Bank of America decreased their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, Barclays cut their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of "Moderate Buy" and an average price target of $61.06.

Delta Air Lines Trading Up 6.6 %

Shares of NYSE:DAL traded up $2.72 during midday trading on Friday, reaching $44.22. The company's stock had a trading volume of 12,403,741 shares, compared to its average volume of 9,227,814. The business has a 50 day moving average price of $45.64 and a 200 day moving average price of $56.74. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The firm has a market cap of $28.87 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 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 company had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. During the same period in the prior year, the company earned $0.45 EPS. The company's revenue was down 5.6% compared to the same quarter last year. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. Delta Air Lines's dividend payout ratio (DPR) is 10.64%.

Insider Transactions at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction 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 directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. This represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,776 shares of company stock worth $4,155,951. 0.96% of the stock is currently owned by company insiders.

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.