MML Investors Services LLC Has $5.22 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

MML Investors Services LLC increased its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,197 shares of the transportation company's stock after purchasing an additional 14,808 shares during the quarter. MML Investors Services LLC's holdings in Delta Air Lines were worth $5,215,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Invst LLC grew its position in Delta Air Lines by 2.2% in the third quarter. Invst LLC now owns 43,929 shares of the transportation company's stock valued at $2,231,000 after acquiring an additional 954 shares during the period. World Investment Advisors LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter worth about $301,000. Wilmington Savings Fund Society FSB increased its position in shares of Delta Air Lines by 7.9% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,111 shares of the transportation company's stock worth $463,000 after purchasing an additional 667 shares in the last quarter. Tidal Investments LLC increased its position in shares of Delta Air Lines by 31.5% during the 3rd quarter. Tidal Investments LLC now owns 82,635 shares of the transportation company's stock worth $4,197,000 after purchasing an additional 19,815 shares in the last quarter. Finally, Inspire Trust Co. N.A. lifted its holdings in Delta Air Lines by 55.1% during the 3rd quarter. Inspire Trust Co. N.A. now owns 53,480 shares of the transportation company's stock valued at $2,716,000 after purchasing an additional 19,000 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Susquehanna cut their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research note on Monday, April 7th. The Goldman Sachs Group reduced their price objective on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group restated a "hold" rating and issued a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. TD Cowen lifted their price target on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, April 10th. Finally, Raymond James decreased their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Four investment 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. According to MarketBeat.com, Delta Air Lines has a consensus rating of "Moderate Buy" and an average target price of $61.06.

Delta Air Lines Trading Down 1.5 %

DAL traded down $0.63 during mid-day trading on Wednesday, hitting $41.45. The stock had a trading volume of 6,592,117 shares, compared to its average volume of 9,210,190. The stock's fifty day simple moving average is $46.41 and its 200-day simple moving average is $56.93. The firm has a market capitalization of $27.06 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year 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 posted 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). The business had revenue of $12.98 billion for the quarter, compared to the consensus estimate 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 was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.45%. Delta Air Lines's dividend payout ratio is currently 10.64%.

Insider Activity

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

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.