Bristol John W & Co. Inc. NY Sells 96,076 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Bristol John W & Co. Inc. NY lessened its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,958,646 shares of the transportation company's stock after selling 96,076 shares during the period. Bristol John W & Co. Inc. NY owned 0.30% of Delta Air Lines worth $78,796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Perigon Wealth Management LLC increased its holdings in Delta Air Lines by 10.4% in the 3rd quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company's stock worth $382,000 after purchasing an additional 969 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Delta Air Lines by 132.3% in the fourth quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company's stock valued at $18,777,000 after buying an additional 265,852 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Delta Air Lines by 325.5% in the fourth quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company's stock valued at $3,124,000 after buying an additional 59,398 shares during the period. U S Global Investors Inc. increased its stake in shares of Delta Air Lines by 21.1% in the fourth quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company's stock valued at $178,400,000 after buying an additional 773,636 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Delta Air Lines by 4.4% in the fourth quarter. Raymond James & Associates now owns 625,025 shares of the transportation company's stock valued at $25,145,000 after buying an additional 26,364 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Stock Down 1.6 %

Shares of DAL stock traded down $0.77 during trading hours on Friday, reaching $46.86. The company had a trading volume of 16,611,979 shares, compared to its average volume of 10,678,882. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $49.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.34. The business has a fifty day simple moving average of $43.44 and a 200-day simple moving average of $39.39. The company has a market cap of $30.24 billion, a price-to-earnings ratio of 6.02, a price-to-earnings-growth ratio of 0.70 and a beta of 1.43.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $12.51 billion. During the same quarter last year, the company earned $0.25 earnings per share. The company's revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts expect that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group assumed coverage on Delta Air Lines in a research report on Wednesday, March 20th. They set a "buy" rating and a $59.00 target price on the stock. Morgan Stanley restated an "overweight" rating and set a $85.00 target price on shares of Delta Air Lines in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $50.00 to $60.00 and gave the company a "buy" rating in a research 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 report on Tuesday, April 9th. Finally, StockNews.com lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $58.29.

Insider Activity

In related news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the sale, the chief executive officer now directly 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 accessible through this hyperlink. Corporate insiders own 0.89% of the company's stock.

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.