Federated Hermes Inc. Sells 87,079 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Federated Hermes Inc. reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,049,317 shares of the transportation company’s stock after selling 87,079 shares during the period. Federated Hermes Inc.’s holdings in Delta Air Lines were worth $42,214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DAL. Candriam Luxembourg S.C.A. acquired a new position in shares of Delta Air Lines during the 1st quarter valued at about $502,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Delta Air Lines by 495.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 570 shares during the period. Venturi Wealth Management LLC lifted 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 purchasing an additional 575 shares during the last quarter. Tyler Stone Wealth Management bought a new stake in Delta Air Lines during the 2nd quarter valued at approximately $36,000. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Delta Air Lines in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DAL shares. UBS Group initiated coverage on Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective for the company. Bank of America raised their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research 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. TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Finally, Susquehanna upped their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $58.29.

Delta Air Lines Stock Performance

NYSE:DAL opened at $47.57 on Friday. The stock has a market capitalization of $30.70 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. 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 1 year low of $30.60 and a 1 year high of $49.81. The firm has a 50 day moving average of $44.16 and a 200-day moving average of $39.72.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $12.51 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were issued a $0.10 dividend. 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 (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 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 sale, the chief executive officer now owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.89% of the stock is owned by company insiders.

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.