Delta Air Lines, Inc. (NYSE:DAL) Stock Position Decreased by Granite Bay Wealth Management LLC

Granite Bay Wealth Management LLC trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 29.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 309,600 shares of the transportation company's stock after selling 132,161 shares during the quarter. Granite Bay Wealth Management LLC's holdings in Delta Air Lines were worth $12,455,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its position in Delta Air Lines by 10.1% during the second quarter. Parkside Financial Bank & Trust now owns 2,817 shares of the transportation company's stock worth $134,000 after purchasing an additional 258 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of Delta Air Lines by 3.5% in the first quarter. Forum Financial Management LP now owns 8,675 shares of the transportation company's stock worth $343,000 after acquiring an additional 292 shares during the last quarter. Navalign LLC raised its holdings in shares of Delta Air Lines by 1.7% in the fourth quarter. Navalign LLC now owns 17,402 shares of the transportation company's stock worth $700,000 after acquiring an additional 293 shares during the last quarter. Utah Retirement Systems raised its holdings in shares of Delta Air Lines by 0.6% in the fourth quarter. Utah Retirement Systems now owns 54,325 shares of the transportation company's stock worth $1,785,000 after acquiring an additional 300 shares during the last quarter. Finally, Summit X LLC raised its holdings in shares of Delta Air Lines by 1.1% in the third quarter. Summit X LLC now owns 28,205 shares of the transportation company's stock worth $1,044,000 after acquiring an additional 307 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DAL shares. UBS Group started coverage on Delta Air Lines in a report on Wednesday, March 20th. They issued a "buy" rating and a $59.00 price target for the company. Bank of America boosted their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday. Susquehanna upped their target price on Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a research note on Tuesday. Morgan Stanley reiterated an "overweight" rating and issued a $85.00 target price on shares of Delta Air Lines in a research note on Thursday. Finally, StockNews.com lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines currently has a consensus rating of "Buy" and an average price target of $58.29.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 71,840 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the sale, the chief executive officer now owns 428,768 shares of the company's stock, valued at $16,807,705.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.89% of the company's stock.

Delta Air Lines Trading Down 1.6 %

NYSE:DAL traded down $0.77 on Friday, hitting $46.86. 16,611,979 shares of the stock were exchanged, compared to its average volume of 10,678,882. The stock has a market cap of $30.24 billion, a PE ratio of 6.02, a PEG ratio of 0.71 and a beta of 1.43. The company has a current ratio of 0.41, a quick ratio of 0.34 and a debt-to-equity ratio of 1.48. The stock has a fifty day moving average of $43.44 and a 200-day moving average of $39.37. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $49.81.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company's revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts expect that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, February 23rd. Delta Air Lines's payout ratio is 5.14%.

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.