Strs Ohio Sells 9,746 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Strs Ohio lowered its stake in Delta Air Lines, Inc. (NYSE:DAL) by 3.7% during the fourth quarter, Holdings Channel reports. The firm owned 251,439 shares of the transportation company’s stock after selling 9,746 shares during the period. Strs Ohio’s holdings in Delta Air Lines were worth $10,115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Delta Air Lines by 495.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after buying an additional 570 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC boosted its position in shares of Delta Air Lines by 396.6% during the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after acquiring an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC boosted its holdings in shares of Delta Air Lines by 55.2% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 311 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Delta Air Lines in the 3rd quarter valued at $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on DAL shares. Susquehanna raised their price objective on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. Bank of America lifted their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. UBS Group began coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. Finally, Morgan Stanley reissued an “overweight” rating and set a $85.00 price objective on shares of Delta Air Lines in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $58.29.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $47.88 on Thursday. The stock has a market capitalization of $30.90 billion, a PE ratio of 6.15, a PEG ratio of 0.70 and a beta of 1.43. The business’s 50 day simple moving average is $43.87 and its 200 day simple moving average is $39.58. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $49.81.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same period in the prior year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Insider Activity

In related news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the sale, the chief executive officer now owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is owned by company insiders.

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.