Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,812 shares of the transportation company’s stock after selling 3,670 shares during the period. Retirement Systems of Alabama’s holdings in Delta Air Lines were worth $5,705,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in shares of Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after buying an additional 575 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Delta Air Lines during the third quarter worth about $35,000. Robeco Institutional Asset Management B.V. grew its position in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after acquiring an additional 1,224 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Delta Air Lines in the third quarter worth about $56,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Delta Air Lines by 147.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company’s stock worth $58,000 after purchasing an additional 855 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the sale, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of $49.50 per share, with a total value of $495,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $495,000. The disclosure for this purchase can be found here. Insiders sold 174,073 shares of company stock valued at $8,581,207 over the last 90 days. 0.89% of the stock is currently owned by company insiders.

Delta Air Lines Price Performance

Shares of DAL opened at $51.55 on Monday. The business’s 50-day moving average is $45.98 and its 200-day moving average is $40.81. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $51.65. The company has a market capitalization of $32.99 billion, a price-to-earnings ratio of 6.63, a P/E/G ratio of 0.77 and a beta of 1.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last announced its earnings results 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 firm had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post 6.61 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. Delta Air Lines’s payout ratio is currently 5.14%.

Analyst Upgrades and Downgrades

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