SVB Wealth LLC Sells 2,716 Shares of Delta Air Lines, Inc. (NYSE:DAL)

SVB Wealth LLC decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.9% in the fourth quarter, HoldingsChannel reports. The firm owned 43,296 shares of the transportation company’s stock after selling 2,716 shares during the quarter. SVB Wealth LLC’s holdings in Delta Air Lines were worth $1,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Acadian Asset Management LLC bought a new position in Delta Air Lines during the 1st quarter valued at approximately $217,000. Panagora Asset Management Inc. grew its holdings in shares of Delta Air Lines by 41.8% during the 1st quarter. Panagora Asset Management Inc. now owns 25,838 shares of the transportation company’s stock worth $1,022,000 after acquiring an additional 7,616 shares during the period. APG Asset Management N.V. purchased a new position in shares of Delta Air Lines during the 1st quarter worth approximately $243,000. Raymond James Trust N.A. grew its holdings in shares of Delta Air Lines by 20.7% during the 1st quarter. Raymond James Trust N.A. now owns 9,918 shares of the transportation company’s stock worth $392,000 after acquiring an additional 1,700 shares during the period. Finally, Cibc World Market Inc. grew its holdings in shares of Delta Air Lines by 3.1% during the 1st quarter. Cibc World Market Inc. now owns 29,508 shares of the transportation company’s stock worth $1,168,000 after acquiring an additional 891 shares during the period. Institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Susquehanna upped their target price on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Bank of America upped their target price on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $58.29.

Delta Air Lines Stock Performance

Shares of DAL opened at $47.85 on Friday. The business’s fifty day simple moving average is $44.02 and its two-hundred day simple moving average is $39.64. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $49.81. The company has a market cap of $30.88 billion, a price-to-earnings ratio of 6.15, a P/E/G ratio of 0.69 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same period last year, the business posted $0.25 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Research analysts anticipate that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.89% of the company’s stock.

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.