Handelsbanken Fonder AB Sells 59,622 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Handelsbanken Fonder AB reduced its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 17.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 286,068 shares of the transportation company's stock after selling 59,622 shares during the period. Handelsbanken Fonder AB's holdings in Delta Air Lines were worth $11,509,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in Delta Air Lines by 495.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company's stock worth $25,000 after purchasing an additional 570 shares during the period. Venturi Wealth Management LLC lifted its position in Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company's stock worth $29,000 after buying an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Delta Air Lines by 55.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company's stock worth $32,000 after purchasing an additional 311 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Delta Air Lines during the 3rd quarter worth $35,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in Delta Air Lines by 1,302.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company's stock valued at $49,000 after buying an additional 1,224 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Glen W. Hauenstein sold 100,000 shares of the company's stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the sale, the president now directly owns 217,584 shares in the company, valued at approximately $10,672,495.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares of the company's stock, valued at $10,672,495.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 24,073 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now directly owns 141,451 shares in the company, valued at $6,911,295.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 195,913 shares of company stock valued at $8,897,335. 0.89% of the stock is currently owned by insiders.

Delta Air Lines Stock Performance

NYSE DAL traded down $1.29 during trading hours on Wednesday, hitting $47.94. The company's stock had a trading volume of 10,324,701 shares, compared to its average volume of 10,867,252. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $49.81. The company's 50 day simple moving average is $44.65 and its two-hundred day simple moving average is $40.01. The company has a market cap of $30.94 billion, a P/E ratio of 6.16, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $13.75 billion for the quarter, compared to analysts' expectations of $12.51 billion. During the same period in the previous year, the firm earned $0.25 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, February 23rd. Delta Air Lines's payout ratio is 5.14%.

Analysts Set New Price Targets

Several analysts have issued reports on DAL shares. UBS Group began coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They issued a "buy" rating and a $59.00 price target on the stock. Bank of America boosted their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. TheStreet upgraded shares of Delta Air Lines from a "c+" rating to a "b-" rating in a research report on Thursday, January 4th. Susquehanna lifted their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a "positive" rating in a research report on Tuesday, April 9th. Finally, Morgan Stanley restated an "overweight" rating and set a $85.00 price objective on shares of Delta Air Lines in a report on Thursday, April 11th. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $58.29.

About Delta Air Lines

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.