Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,978,233 shares of the transportation company’s stock after selling 2,147 shares during the period. Delta Air Lines comprises about 0.8% of Silvercrest Asset Management Group LLC’s holdings, making the stock its 20th largest holding. Silvercrest Asset Management Group LLC owned about 0.31% of Delta Air Lines worth $119,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Delta Air Lines by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock worth $4,380,820,000 after buying an additional 456,465 shares during the period. Sanders Capital LLC lifted its holdings in Delta Air Lines by 6.9% during the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company’s stock worth $1,800,754,000 after buying an additional 1,922,932 shares during the last quarter. Geode Capital Management LLC increased its stake in Delta Air Lines by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company’s stock valued at $968,234,000 after purchasing an additional 410,648 shares during the last quarter. Capital World Investors raised its position in Delta Air Lines by 0.3% in the 4th quarter. Capital World Investors now owns 15,180,467 shares of the transportation company’s stock valued at $918,419,000 after purchasing an additional 46,101 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Delta Air Lines by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company’s stock worth $670,994,000 after purchasing an additional 92,208 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

DAL stock opened at $50.29 on Friday. The company has a market capitalization of $32.84 billion, a PE ratio of 9.44, a P/E/G ratio of 0.75 and a beta of 1.46. The stock’s 50 day moving average is $43.86 and its two-hundred day moving average is $56.28. 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, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98.

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

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is 10.64%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DAL shares. Citigroup lowered their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group decreased their price objective on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Dbs Bank lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Jefferies Financial Group reiterated a “hold” rating and set a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Delta Air Lines in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.42.

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.