Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Lido Advisors LLC

Lido Advisors LLC decreased its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 69.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,117 shares of the transportation company's stock after selling 170,641 shares during the period. Lido Advisors LLC's holdings in Delta Air Lines were worth $4,545,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Boston Partners acquired a new position in shares of Delta Air Lines during the 4th quarter worth $328,398,000. Norges Bank acquired a new position in Delta Air Lines during the fourth quarter worth about $152,342,000. Adage Capital Partners GP L.L.C. grew its position in Delta Air Lines by 405.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company's stock worth $184,784,000 after buying an additional 2,449,874 shares during the period. FMR LLC increased its holdings in Delta Air Lines by 29.3% in the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock valued at $602,327,000 after buying an additional 2,254,560 shares in the last quarter. Finally, Sanders Capital LLC lifted its position in shares of Delta Air Lines by 6.9% during the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock valued at $1,800,754,000 after acquiring an additional 1,922,932 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DAL. TD Cowen raised their price objective on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, April 10th. Jefferies Financial Group restated a "hold" rating and issued a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. The Goldman Sachs Group dropped their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Dbs Bank downgraded shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.06.

Insider Buying and Selling

In related news, SVP William C. Carroll sold 6,783 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the sale, the senior vice president now directly owns 10,016 shares of the company's stock, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the sale, the executive vice president now directly owns 35,889 shares in the company, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 62,776 shares of company stock valued at $4,155,951. Company insiders own 0.96% of the company's stock.

Delta Air Lines Trading Up 6.6 %

DAL stock traded up $2.72 on Friday, hitting $44.22. 13,935,791 shares of the company were exchanged, compared to its average volume of 9,232,120. The stock has a market capitalization 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 business's fifty day moving average is $45.29 and its two-hundred day moving average is $56.69. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

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

Delta Air Lines Announces Dividend

The firm 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. Delta Air Lines's payout ratio is 10.64%.

Delta Air Lines 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.