Schechter Investment Advisors LLC Sells 7,495 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Schechter Investment Advisors LLC lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 39.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,505 shares of the transportation company's stock after selling 7,495 shares during the quarter. Schechter Investment Advisors LLC's holdings in Delta Air Lines were worth $502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of 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 valued at $32,000 after buying an additional 431 shares in the last quarter. Graney & King LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $34,000. Continuum Advisory LLC grew its stake in shares of Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after buying an additional 179 shares in the last quarter. Hara Capital LLC bought a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $35,000. Finally, Crowley Wealth Management Inc. acquired a new stake in Delta Air Lines in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Insider Activity

In other news, EVP Steven M. Sear sold 18,000 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the sale, the executive vice president directly owned 97,505 shares in the company, valued at approximately $5,456,379.80. The trade was a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Peter W. Carter sold 17,550 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $57.19, for a total value of $1,003,684.50. Following the completion of the sale, the executive vice president owned 191,442 shares in the company, valued at $10,948,567.98. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,973 shares of company stock worth $5,541,946. Company insiders own 0.88% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DAL shares. UBS Group set a $72.00 target price on Delta Air Lines in a report on Friday, July 11th. BNP Paribas Exane boosted their target price on Delta Air Lines from $58.00 to $70.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. Susquehanna set a $65.00 target price on Delta Air Lines and gave the stock a "positive" rating in a report on Friday, July 11th. Susquehanna Bancshares boosted their target price on Delta Air Lines from $51.00 to $65.00 and gave the stock a "positive" rating in a report on Friday, July 11th. Finally, Wall Street Zen lowered Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $66.21.

Delta Air Lines Stock Performance

Shares of DAL stock traded down $0.91 during trading hours on Friday, reaching $55.44. 2,283,908 shares of the company's stock were exchanged, compared to its average volume of 9,884,188. The stock has a market capitalization of $36.20 billion, a P/E ratio of 8.03, a P/E/G ratio of 1.72 and a beta of 1.49. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The business has a fifty day moving average price of $50.26 and a 200-day moving average price of $52.59.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.09. The business had revenue of $15,507,000 billion for the quarter, compared to analysts' expectations of $16.16 billion. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%. Delta Air Lines's quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $2.36 earnings per share. Analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, July 31st. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.35%. Delta Air Lines's payout ratio is currently 8.70%.

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.