GTS Securities LLC Reduces Stake in Delta Air Lines, Inc. (NYSE:DAL)

GTS Securities LLC decreased its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 98.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,699 shares of the transportation company's stock after selling 263,384 shares during the period. GTS Securities LLC's holdings in Delta Air Lines were worth $224,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock worth $555,000 after purchasing an additional 2,302 shares during the period. KBC Group NV grew its holdings in shares of Delta Air Lines by 27.8% in the fourth quarter. KBC Group NV now owns 72,377 shares of the transportation company's stock valued at $4,379,000 after purchasing an additional 15,766 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Delta Air Lines by 69.4% in the fourth quarter. Pacer Advisors Inc. now owns 81,447 shares of the transportation company's stock valued at $4,928,000 after purchasing an additional 33,356 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in Delta Air Lines by 78.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 7,213 shares of the transportation company's stock worth $436,000 after buying an additional 3,170 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in Delta Air Lines by 4.7% during the fourth quarter. Perigon Wealth Management LLC now owns 8,530 shares of the transportation company's stock worth $565,000 after buying an additional 382 shares during the period. Institutional investors own 69.93% of the company's stock.

Analysts Set New Price Targets

DAL has been the subject of several recent research reports. Citigroup decreased their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Barclays decreased their price objective on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wall Street Zen downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. 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 report on Wednesday, April 2nd. Finally, The Goldman Sachs Group decreased their price objective 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. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $62.08.

Delta Air Lines Stock Up 0.5%

Delta Air Lines stock traded up $0.22 during trading hours on Wednesday, reaching $49.05. The stock had a trading volume of 8,229,651 shares, compared to its average volume of 9,625,933. The company has a market cap of $32.03 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.75 and a beta of 1.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The business's 50 day moving average price is $44.56 and its 200-day moving average price is $55.15. 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 posted 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). 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 quarter last year, the company earned $0.45 EPS. The business's revenue was down 5.6% compared to the same quarter last year. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. Delta Air Lines's dividend payout ratio (DPR) is currently 10.64%.

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.