Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 17.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,284,496 shares of the transportation company’s stock after selling 3,561,324 shares during the period. Wellington Management Group LLP owned about 2.52% of Delta Air Lines worth $985,212,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its position in shares of Delta Air Lines by 13.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 84,999 shares of the transportation company’s stock worth $5,142,000 after buying an additional 10,024 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Delta Air Lines by 3.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 23,738 shares of the transportation company’s stock worth $1,458,000 after acquiring an additional 688 shares during the last quarter. L & S Advisors Inc acquired a new position in Delta Air Lines in the fourth quarter valued at approximately $4,534,000. Intrust Bank NA grew its holdings in shares of Delta Air Lines by 6.9% during the fourth quarter. Intrust Bank NA now owns 21,073 shares of the transportation company’s stock valued at $1,275,000 after purchasing an additional 1,351 shares during the last quarter. Finally, Allstate Corp acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $278,000. 69.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on DAL. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Citigroup dropped their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Barclays reduced their target price on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. UBS Group dropped their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Finally, Susquehanna boosted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $76.29.

Insider Buying and Selling

In related news, EVP Rahul D. Samant sold 17,970 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the transaction, the executive vice president now owns 35,889 shares of the company’s stock, valued at approximately $2,479,212.12. This trade represents a 33.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $43.62 on Tuesday. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. 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 company’s 50-day moving average price is $58.50 and its two-hundred day moving average price is $58.38. The stock has a market cap of $28.20 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion during 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 business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 earnings per share. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.38%. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

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.