Delta Air Lines, Inc. (NYSE:DAL) Holdings Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,505 shares of the transportation company’s stock after selling 6,945 shares during the period. State of Alaska Department of Revenue’s holdings in Delta Air Lines were worth $2,796,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DAL. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of 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 valued at $25,000 after buying an additional 570 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at $28,000. Moisand Fitzgerald Tamayo LLC boosted 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 valued at $32,000 after buying an additional 311 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter valued at $35,000. Finally, Tyler Stone Wealth Management acquired a new stake in shares of Delta Air Lines during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DAL shares. Morgan Stanley lifted their target price on shares of Delta Air Lines from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. UBS Group assumed coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective for the company. Finally, TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average price target of $56.36.

Get Our Latest Report on Delta Air Lines

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

Delta Air Lines Stock Down 0.7 %

Delta Air Lines stock opened at $46.58 on Thursday. The firm has a fifty day moving average price of $42.30 and a two-hundred day moving average price of $38.90. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $49.81. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.39 and a quick ratio of 0.34. The firm has a market cap of $29.96 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 0.78 and a beta of 1.43.

Delta Air Lines (NYSE:DALGet Free Report) last posted its quarterly earnings data on Friday, January 12th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.11. Delta Air Lines had a net margin of 7.94% and a return on equity of 46.35%. The company had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $13.55 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts forecast that Delta Air Lines, Inc. will post 6.55 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.86%. Delta Air Lines’s payout ratio is 5.59%.

Delta Air Lines Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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