Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 17.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,695 shares of the transportation company’s stock after selling 776 shares during the period. Modera Wealth Management LLC’s holdings in Delta Air Lines were worth $224,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines in the fourth quarter worth about $27,000. Hemington Wealth Management lifted its position in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares in the last quarter. Roxbury Financial LLC acquired a new position in Delta Air Lines in the 4th quarter worth approximately $29,000. Crews Bank & Trust purchased a new position in Delta Air Lines during the 4th quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines during the 3rd quarter valued at $31,000. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Trading Up 3.9 %

Shares of NYSE:DAL opened at $56.83 on Thursday. 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 stock has a market capitalization of $36.74 billion, a PE ratio of 10.66, a P/E/G ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm has a fifty day moving average price of $63.99 and a 200 day moving average price of $57.56.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the prior year, the company posted $1.28 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. Analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DAL shares. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. TD Cowen raised their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Susquehanna raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average price target of $78.22.

Insider Buying and Selling

In other news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction dated Wednesday, February 5th. The stock was 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 directly owns 35,889 shares in the company, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 162,886 shares of company stock valued at $11,116,463. Company insiders own 0.96% of the company’s stock.

Delta Air Lines 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.