Ensign Peak Advisors Inc trimmed its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,931 shares of the transportation company's stock after selling 47,523 shares during the period. Ensign Peak Advisors Inc's holdings in Delta Air Lines were worth $7,014,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines in the fourth quarter valued at $27,000. Roxbury Financial LLC purchased a new position in Delta Air Lines in the 4th quarter valued at about $29,000. Hemington Wealth Management boosted its holdings in Delta Air Lines by 48.1% in the 4th 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 last quarter. Crews Bank & Trust acquired a new stake in Delta Air Lines in the 4th quarter worth about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Delta Air Lines by 414.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after buying an additional 431 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
DAL has been the topic of several research analyst reports. Susquehanna lowered their price objective on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a report on Monday, April 7th. Citigroup lowered their target price on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Barclays lowered their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Bank of America lowered their target price on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, 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. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $60.42.
Check Out Our Latest Analysis on Delta Air Lines
Delta Air Lines Stock Up 1.4%
NYSE:DAL traded up $0.71 during trading hours on Friday, hitting $50.99. The company's stock had a trading volume of 8,307,960 shares, compared to its average volume of 9,502,675. The stock has a market capitalization of $33.29 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The stock has a fifty day moving average of $43.94 and a 200-day moving average of $56.24. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. 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 issued its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). The firm had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.
Delta Air Lines Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders 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 dividend yield of 1.18%. Delta Air Lines's dividend payout ratio (DPR) is 10.64%.
About Delta Air Lines
(
Free Report)
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.
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