TD Waterhouse Canada Inc. Decreases Holdings in Delta Air Lines, Inc. (NYSE:DAL)

TD Waterhouse Canada Inc. lowered its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 79.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,669 shares of the transportation company's stock after selling 10,274 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Delta Air Lines were worth $162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in Delta Air Lines by 113.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 38,629 shares of the transportation company's stock worth $2,337,000 after buying an additional 20,522 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Delta Air Lines by 414.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock valued at $32,000 after purchasing an additional 431 shares in the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of Delta Air Lines during the 4th quarter worth about $12,218,000. MML Investors Services LLC grew its holdings in shares of Delta Air Lines by 20.7% during the 4th quarter. MML Investors Services LLC now owns 86,197 shares of the transportation company's stock worth $5,215,000 after purchasing an additional 14,808 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in Delta Air Lines by 1.8% in the fourth quarter. MetLife Investment Management LLC now owns 169,740 shares of the transportation company's stock valued at $10,269,000 after buying an additional 2,950 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Raymond James decreased their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Bank of America lowered their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Susquehanna reduced their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research report on Monday, April 7th. The Goldman Sachs Group lowered their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.06.

Insider Activity

In other news, EVP Rahul D. Samant sold 17,970 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the transaction, the executive vice president now owns 35,889 shares of the company's stock, valued at approximately $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the transaction, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. The trade was a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,776 shares of company stock worth $4,155,951 over the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Up 7.0 %

Shares of NYSE DAL traded up $2.90 during mid-day trading on Friday, hitting $44.40. The company had a trading volume of 7,353,674 shares, compared to its average volume of 11,263,256. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a market capitalization of $28.99 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a 50-day simple moving average of $45.64 and a two-hundred day simple moving average of $56.74.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 EPS. On average, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.35%. Delta Air Lines's payout ratio is currently 10.64%.

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.