Wealthspire Advisors LLC Sells 3,831 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Wealthspire Advisors LLC lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,788 shares of the transportation company’s stock after selling 3,831 shares during the period. Wealthspire Advisors LLC’s holdings in Delta Air Lines were worth $2,468,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DAL. Allspring Global Investments Holdings LLC increased its holdings in Delta Air Lines by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 36,948 shares of the transportation company’s stock worth $1,877,000 after purchasing an additional 699 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in Delta Air Lines in the 3rd quarter valued at about $205,000. Sequoia Financial Advisors LLC lifted its stake in Delta Air Lines by 9.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,274 shares of the transportation company’s stock valued at $776,000 after purchasing an additional 1,287 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Delta Air Lines by 1,306.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 311,271 shares of the transportation company’s stock valued at $15,809,000 after purchasing an additional 289,143 shares during the last quarter. Finally, Joel Isaacson & Co. LLC acquired a new stake in Delta Air Lines during the third quarter worth approximately $584,000. Institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on DAL shares. Citigroup raised their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group raised their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. 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. Finally, The Goldman Sachs Group restated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average target price of $78.22.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 35,889 shares in the company, valued at approximately $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William C. Carroll sold 6,783 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the transaction, the senior vice president now owns 10,016 shares in the company, 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 quarter, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $59.88 on Monday. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The company’s 50-day moving average is $64.27 and its 200 day moving average is $56.57. The stock has a market capitalization of $38.71 billion, a P/E ratio of 11.23, a P/E/G ratio of 0.75 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion for the quarter, compared to analysts’ expectations 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 revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 earnings per share. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

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.