Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Sciencast Management LP

Sciencast Management LP cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 82.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,586 shares of the transportation company’s stock after selling 21,820 shares during the period. Sciencast Management LP’s holdings in Delta Air Lines were worth $277,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter valued at $27,000. Hemington Wealth Management lifted its position in shares of Delta Air Lines by 48.1% during 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 during the last quarter. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at $29,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at $30,000. Finally, Modus Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at $33,000. 69.93% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction dated 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 $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares of the company’s stock, valued at approximately $660,455.04. This represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,886 shares of company stock worth $11,116,463. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Susquehanna upped their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. TD Cowen upped their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. UBS Group reduced their target price on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Finally, Citigroup reduced their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $76.29.

Delta Air Lines Stock Down 0.1 %

DAL opened at $46.89 on Monday. The company has a market capitalization of $30.31 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The business has a 50-day moving average of $60.80 and a 200-day moving average of $58.25. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. Equities research analysts forecast 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 was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is presently 11.26%.

About Delta Air Lines

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.