Allworth Financial LP Sells 5,616 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Allworth Financial LP decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,779 shares of the transportation company’s stock after selling 5,616 shares during the quarter. Allworth Financial LP’s holdings in Delta Air Lines were worth $5,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DAL. Principal Securities Inc. grew its holdings in shares of Delta Air Lines by 6.1% in the fourth quarter. Principal Securities Inc. now owns 18,382 shares of the transportation company’s stock valued at $1,112,000 after purchasing an additional 1,064 shares in the last quarter. Everhart Financial Group Inc. lifted its position in Delta Air Lines by 4.3% during the fourth quarter. Everhart Financial Group Inc. now owns 9,827 shares of the transportation company’s stock valued at $595,000 after purchasing an additional 403 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Delta Air Lines in the 4th quarter worth $29,000. Myriad Asset Management US LP bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $1,539,000. Finally, Constant Guidance Financial LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at about $452,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

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 company has a market capitalization of $42.29 billion, a PE ratio of 12.27, a P/E/G ratio of 0.80 and a beta of 1.36. The company has a 50 day moving average price of $64.14 and a 200-day moving average price of $55.62. 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 posted its 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 business had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 EPS. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is currently 11.26%.

Analysts Set New Price Targets

Several brokerages have weighed in on DAL. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday. UBS Group reissued a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Susquehanna raised their price target 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. Barclays boosted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group raised their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $78.22.

Insider Buying and Selling at Delta Air Lines

In related news, SVP William C. Carroll sold 8,400 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 over the last quarter. Insiders own 0.96% of the company’s stock.

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.