Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP raised its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 745,971 shares of the transportation company's stock after acquiring an additional 100,289 shares during the period. First Trust Advisors LP owned approximately 0.12% of Delta Air Lines worth $45,131,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth $27,000. Roxbury Financial LLC purchased a new position in shares of Delta Air Lines in the 4th quarter worth approximately $29,000. Hemington Wealth Management increased its position in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after purchasing an additional 154 shares during the last quarter. Crews Bank & Trust bought a new stake in Delta Air Lines in the fourth quarter worth $30,000. Finally, Modus Advisors LLC bought a new position in Delta Air Lines during the 4th quarter valued at about $33,000. Institutional investors own 69.93% of the company's stock.

Insider Buying and Selling

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the business'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 transaction, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. The trade was a 40.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the company's 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 transaction, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,776 shares of company stock worth $4,155,951 over the last 90 days. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James reduced their target price on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 2nd. The Goldman Sachs Group reduced their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. TD Cowen lifted their target price on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, April 10th. Citigroup cut their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $61.06.

Delta Air Lines Trading Down 0.4 %

Shares of NYSE DAL traded down $0.18 during trading on Tuesday, reaching $41.78. The stock had a trading volume of 1,476,158 shares, compared to its average volume of 9,204,070. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The company has a market cap of $27.28 billion, a P/E ratio of 7.86, a PEG ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The business's 50-day moving average price is $46.84 and its 200-day moving average price is $57.03.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors 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 yield of 1.44%. Delta Air Lines's dividend payout ratio (DPR) is presently 10.64%.

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.