Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 24.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,461 shares of the transportation company’s stock after selling 3,743 shares during the period. Global Retirement Partners LLC’s holdings in Delta Air Lines were worth $693,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter valued at about $27,000. Hemington Wealth Management increased its position in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter valued at about $29,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the fourth quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Delta Air Lines during the third quarter valued at about $31,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on DAL. Citigroup raised their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Susquehanna raised their price objective on shares of 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, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $78.22.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the sale, the senior vice president now directly owns 10,016 shares in the company, valued at approximately $660,455.04. The trade was a 40.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Stock Down 6.1 %

Shares of Delta Air Lines stock opened at $59.88 on Friday. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The company has a 50 day moving average of $64.27 and a 200 day moving average of $56.44. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $38.71 billion, a P/E ratio of 11.23, a P/E/G ratio of 0.75 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the company earned $1.28 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.00%. Delta Air Lines’s payout ratio is currently 11.26%.

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.