Los Angeles Capital Management LLC Sells 953,094 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Los Angeles Capital Management LLC reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 95.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,062 shares of the transportation company's stock after selling 953,094 shares during the quarter. Los Angeles Capital Management LLC's holdings in Delta Air Lines were worth $1,813,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC raised its position in Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company's stock worth $29,000 after acquiring an additional 575 shares during the period. Headlands Technologies LLC acquired a new position in shares of Delta Air Lines during the 3rd quarter worth about $35,000. Robeco Institutional Asset Management B.V. lifted 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 in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Delta Air Lines in the 3rd quarter worth about $56,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Delta Air Lines by 147.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company's stock worth $58,000 after buying an additional 855 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 141,451 shares of the company's stock, valued at $6,911,295.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the transaction, the executive vice president now owns 141,451 shares of the company's stock, valued at $6,911,295.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Willie Cw Chiang purchased 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $49.50 per share, with a total value of $495,000.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $495,000. The disclosure for this purchase can be found here. Insiders have sold a total of 174,073 shares of company stock worth $8,581,207 in the last quarter. 0.89% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Bank of America lifted their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. Susquehanna increased their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a research report on Tuesday, April 9th. StockNews.com downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. Finally, Morgan Stanley restated an "overweight" rating and issued a $85.00 price target on shares of Delta Air Lines in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $58.29.

Delta Air Lines Trading Up 0.2 %

NYSE DAL traded up $0.09 during trading hours on Wednesday, reaching $52.29. The company had a trading volume of 5,124,263 shares, compared to its average volume of 10,678,769. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $33.47 billion, a P/E ratio of 6.72, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. The stock has a 50-day moving average of $46.41 and a 200 day moving average of $41.09. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.00.

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 (EPS) for the quarter, beating 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 firm had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the previous year, the business earned $0.25 EPS. The company's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders 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 dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines's dividend payout ratio is currently 5.14%.

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.