Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 35.3% during the fourth quarter, HoldingsChannel reports. The firm owned 10,077 shares of the transportation company’s stock after selling 5,490 shares during the period. Ancora Advisors LLC’s holdings in Delta Air Lines were worth $610,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DAL. Donoghue Forlines LLC purchased a new stake in Delta Air Lines during the 4th quarter valued at approximately $2,036,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter worth approximately $3,593,000. Global Financial Private Client LLC lifted its holdings in shares of Delta Air Lines by 562.0% during the fourth quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company’s stock worth $681,000 after purchasing an additional 9,559 shares during the period. BluePath Capital Management LLC grew its position in Delta Air Lines by 23.9% in the 4th quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company’s stock valued at $1,540,000 after buying an additional 4,567 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $244,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DAL shares. The Goldman Sachs Group reduced their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Bank of America dropped their target price on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Barclays dropped their price objective on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Citigroup decreased their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.06.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $45.49 on Tuesday. The firm has a market capitalization of $29.70 billion, a PE ratio of 8.53, a P/E/G ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The firm’s 50-day simple moving average is $44.97 and its 200 day simple moving average is $56.63. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $12.98 billion during the quarter, compared to analysts’ expectations of $13.85 billion. During the same period last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines’s payout ratio is 10.64%.

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.