SVB Wealth LLC Has $1.74 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

SVB Wealth LLC cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,296 shares of the transportation company’s stock after selling 2,716 shares during the quarter. SVB Wealth LLC’s holdings in Delta Air Lines were worth $1,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC grew its holdings in Delta Air Lines by 10.4% in the 3rd quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company’s stock valued at $382,000 after buying an additional 969 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Delta Air Lines by 132.3% in the 4th quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock valued at $18,777,000 after buying an additional 265,852 shares in the last quarter. Capital Advisors Inc. OK acquired a new position in Delta Air Lines in the 4th quarter valued at $4,241,000. Meeder Asset Management Inc. grew its holdings in Delta Air Lines by 325.5% in the 4th quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock valued at $3,124,000 after buying an additional 59,398 shares in the last quarter. Finally, U S Global Investors Inc. grew its holdings in shares of Delta Air Lines by 21.1% during the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock worth $178,400,000 after purchasing an additional 773,636 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the transaction, the chief executive officer now directly owns 428,768 shares in the company, valued at $16,807,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.89% of the company’s stock.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $47.85 on Friday. 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 company has a market capitalization of $30.88 billion, a PE ratio of 6.15, a P/E/G ratio of 0.69 and a beta of 1.43. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $49.81. The stock has a 50-day moving average price of $44.02 and a two-hundred day moving average price of $39.64.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $13.75 billion during 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 business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. Analysts expect that Delta Air Lines, Inc. will post 6.52 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.84%. Delta Air Lines’s dividend payout ratio is presently 5.14%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DAL. Bank of America increased their target price on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. UBS Group began coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price on the stock. Finally, TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. 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 company’s stock. According to MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $58.29.

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.