Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 506,402 shares of the transportation company's stock after selling 66,759 shares during the quarter. National Bank of Canada FI owned approximately 0.08% of Delta Air Lines worth $20,483,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Navalign LLC boosted 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 buying an additional 293 shares during the last quarter. Summit X LLC grew its position in shares of Delta Air Lines by 1.1% during the 3rd quarter. Summit X LLC now owns 28,205 shares of the transportation company's stock valued at $1,044,000 after acquiring an additional 307 shares during the period. Chesley Taft & Associates LLC increased its stake in shares of Delta Air Lines by 2.4% in the 4th quarter. Chesley Taft & Associates LLC now owns 13,922 shares of the transportation company's stock worth $560,000 after purchasing an additional 332 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Delta Air Lines by 22.1% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,143 shares of the transportation company's stock worth $86,000 after purchasing an additional 388 shares during the period. Finally, 180 Wealth Advisors LLC grew its holdings in Delta Air Lines by 2.2% during the fourth quarter. 180 Wealth Advisors LLC now owns 18,056 shares of the transportation company's stock valued at $730,000 after purchasing an additional 391 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Insider Activity

In related news, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the transaction, the president now directly owns 217,584 shares of the company's stock, valued at approximately $10,672,495.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Willie Cw Chiang acquired 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $495,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of the company's stock in a transaction dated 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 transaction, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 174,073 shares of company stock valued at $8,581,207. 0.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DAL has been the subject of several analyst reports. Bank of America increased their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, April 11th. Susquehanna raised their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a report on Tuesday, April 9th. Morgan Stanley reaffirmed an "overweight" rating and issued a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. Finally, UBS Group began coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a "buy" rating and a $59.00 target price on the stock. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $58.29.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock traded down $0.73 during trading hours on Tuesday, reaching $52.20. The company's stock had a trading volume of 6,582,856 shares, compared to its average volume of 10,742,002. The firm has a 50 day moving average price of $46.41 and a 200-day moving average price of $41.09. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The stock has a market cap of $33.41 billion, a P/E ratio of 6.71, a P/E/G ratio of 0.76 and a beta of 1.38. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.00.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. On average, analysts predict that Delta Air Lines, Inc. will post 6.61 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Monday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is 5.14%.

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.