IFP Advisors Inc Sells 14,838 Shares of Delta Air Lines, Inc. (NYSE:DAL)

IFP Advisors Inc trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 63.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,645 shares of the transportation company’s stock after selling 14,838 shares during the quarter. IFP Advisors Inc’s holdings in Delta Air Lines were worth $523,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RWC Asset Management LLP raised its holdings in Delta Air Lines by 38.3% during the 4th quarter. RWC Asset Management LLP now owns 8,012 shares of the transportation company’s stock valued at $485,000 after buying an additional 2,219 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Delta Air Lines during the 4th quarter valued at $1,702,000. Partners Wealth Management LLC bought a new stake in Delta Air Lines during the 4th quarter valued at $298,000. First Horizon Advisors Inc. raised its holdings in Delta Air Lines by 249.5% during the 4th quarter. First Horizon Advisors Inc. now owns 2,709 shares of the transportation company’s stock valued at $164,000 after buying an additional 1,934 shares during the last quarter. Finally, Navellier & Associates Inc. bought a new stake in Delta Air Lines during the 4th quarter valued at $233,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Up 0.6 %

NYSE:DAL opened at $60.09 on Friday. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The firm’s 50-day moving average price is $64.33 and its 200-day moving average price is $57.09. The company has a market capitalization of $38.85 billion, a PE ratio of 11.27, a P/E/G ratio of 0.75 and a beta of 1.36. 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 announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $14.20 billion. During the same period in the prior year, the firm posted $1.28 EPS. Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

Wall Street Analyst Weigh In

A number of research firms recently commented on DAL. Citigroup upped their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Susquehanna upped their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Barclays upped their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. UBS Group restated a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $78.22.

Insider Activity at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the sale, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were 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. In the last ninety days, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by insiders.

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.