Greenleaf Trust Sells 1,716 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Greenleaf Trust decreased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 14.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,323 shares of the transportation company’s stock after selling 1,716 shares during the period. Greenleaf Trust’s holdings in Delta Air Lines were worth $415,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Delta Air Lines by 495.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 570 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC boosted its stake in shares of Delta Air Lines by 55.2% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 311 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at $35,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of 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 purchasing an additional 1,224 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Susquehanna raised their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Morgan Stanley restated an “overweight” rating and set a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. Finally, UBS Group started coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective for the company. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $58.29.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $49.24 on Wednesday. The firm’s 50-day moving average price is $44.51 and its 200-day moving average price is $39.95. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The company has a market cap of $31.78 billion, a PE ratio of 6.33, a PEG ratio of 0.71 and a beta of 1.43. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $49.81.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. As a group, analysts anticipate that Delta Air Lines, Inc. will post 6.52 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s payout ratio is 5.14%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction that occurred on 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 of the company’s stock, valued at $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction that occurred on 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 of the company’s stock, valued at $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction that occurred on 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 transaction, the president now directly owns 217,584 shares in the company, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

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.