Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its stake in Delta Air Lines, Inc. (NYSE:DAL) by 14.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,323 shares of the transportation company’s stock after selling 1,716 shares during the quarter. Greenleaf Trust’s holdings in Delta Air Lines were worth $415,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. American Financial Advisors LLC boosted its stake in Delta Air Lines by 3.6% during the 4th quarter. American Financial Advisors LLC now owns 143,946 shares of the transportation company’s stock worth $5,791,000 after purchasing an additional 5,014 shares during the last quarter. AIA Group Ltd boosted its stake in Delta Air Lines by 65.9% during the 4th quarter. AIA Group Ltd now owns 77,805 shares of the transportation company’s stock worth $3,130,000 after purchasing an additional 30,900 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Delta Air Lines by 9.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 27,461 shares of the transportation company’s stock worth $1,105,000 after purchasing an additional 2,455 shares during the last quarter. River Road Asset Management LLC boosted its stake in Delta Air Lines by 245.2% during the 4th quarter. River Road Asset Management LLC now owns 613,068 shares of the transportation company’s stock worth $24,664,000 after purchasing an additional 435,452 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Delta Air Lines by 556.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,494 shares of the transportation company’s stock worth $183,000 after acquiring an additional 3,809 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DAL shares. Deutsche Bank Aktiengesellschaft lifted their price target on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. UBS Group started coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target on the stock. Bank of America lifted their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Morgan Stanley reiterated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Finally, Susquehanna boosted their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $58.29.

Delta Air Lines Stock Up 0.4 %

Shares of NYSE:DAL opened at $49.24 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The firm has a market capitalization of $31.78 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The firm’s 50-day moving average is $44.51 and its two-hundred day moving average is $39.95. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $49.81.

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

Delta Air Lines Dividend Announcement

The firm also recently declared 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 was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

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.