AlphaCentric Advisors LLC Has $381,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

AlphaCentric Advisors LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,303 shares of the transportation company’s stock after selling 648 shares during the quarter. AlphaCentric Advisors LLC’s holdings in Delta Air Lines were worth $381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DAL. Sanders Capital LLC raised its holdings in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the period. Geode Capital Management LLC raised its stake in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after buying an additional 416,338 shares during the period. Pzena Investment Management LLC bought a new position in Delta Air Lines during the third quarter worth about $281,206,000. Castle Hook Partners LP acquired a new position in Delta Air Lines in the third quarter valued at about $189,296,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Delta Air Lines by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock worth $177,637,000 after acquiring an additional 10,332 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DAL. Barclays boosted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a research report on Friday, November 15th. TD Cowen boosted their price objective 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. Jefferies Financial Group increased their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $78.22.

Insider Transactions at Delta Air Lines

In related news, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the transaction, the senior vice president now directly owns 10,016 shares of the company’s stock, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the transaction, the executive vice president now owns 35,889 shares in the company, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 over the last quarter. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 2.1 %

Delta Air Lines stock opened at $65.41 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The stock has a 50-day simple moving average of $64.14 and a 200 day simple moving average of $55.62. The stock has a market capitalization of $42.29 billion, a P/E ratio of 12.27, a PEG ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter last year, the firm posted $1.28 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.92%. Delta Air Lines’s dividend payout ratio is currently 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.