Crewe Advisors LLC Sells 309 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Crewe Advisors LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 22.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,087 shares of the transportation company’s stock after selling 309 shares during the period. Crewe Advisors LLC’s holdings in Delta Air Lines were worth $66,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in shares of Delta Air Lines in the 3rd quarter worth approximately $25,000. New Wave Wealth Advisors LLC purchased a new position in shares of Delta Air Lines in the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new position in shares of Delta Air Lines in the 4th quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in shares of Delta Air Lines in the 3rd quarter worth approximately $31,000. Finally, Modus Advisors LLC purchased a new position in shares of Delta Air Lines in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DAL shares. TD Cowen boosted their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Bank of America upped their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Susquehanna upped their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $78.22.

Delta Air Lines Trading Down 1.7 %

NYSE:DAL opened at $67.86 on Friday. The company has a market cap of $43.79 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.78 and a beta of 1.36. The stock’s fifty day moving average price is $63.84 and its two-hundred day moving average price is $54.51. 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.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. The firm 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 30.43%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. As a group, analysts expect that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. Delta Air Lines’s payout ratio is currently 11.26%.

Insider Transactions at Delta Air Lines

In related news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares of the company’s stock, valued at $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,893 shares of company stock valued at $7,407,783. 0.96% of the stock is currently 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.