Lee Danner & Bass Inc. Sells 2,350 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Lee Danner & Bass Inc. lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,269 shares of the transportation company’s stock after selling 2,350 shares during the period. Lee Danner & Bass Inc.’s holdings in Delta Air Lines were worth $1,942,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Perigon Wealth Management LLC grew its stake in shares of Delta Air Lines by 10.4% during the 3rd quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company’s stock valued at $382,000 after purchasing an additional 969 shares during the period. International Assets Investment Management LLC grew its position in Delta Air Lines by 132.3% during the fourth quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock valued at $18,777,000 after buying an additional 265,852 shares during the period. Capital Advisors Inc. OK purchased a new stake in Delta Air Lines during the fourth quarter valued at approximately $4,241,000. Meeder Asset Management Inc. raised its position in Delta Air Lines by 325.5% in the fourth quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock worth $3,124,000 after acquiring an additional 59,398 shares during the period. Finally, U S Global Investors Inc. boosted its stake in shares of Delta Air Lines by 21.1% during the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock worth $178,400,000 after acquiring an additional 773,636 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 3.0 %

Shares of DAL stock opened at $49.02 on Tuesday. The stock has a market cap of $31.63 billion, a P/E ratio of 6.30, a PEG ratio of 0.71 and a beta of 1.43. The company’s fifty day simple moving average is $44.33 and its two-hundred day simple moving average is $39.86. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $49.81.

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

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is presently 5.14%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value 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 approximately $16,807,705.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.89% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Bank of America lifted their price objective on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. UBS Group started coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. One 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $58.29.

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.