Invst LLC Sells 346 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Invst LLC reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,583 shares of the transportation company’s stock after selling 346 shares during the quarter. Invst LLC’s holdings in Delta Air Lines were worth $2,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Delta Air Lines by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock worth $4,380,820,000 after purchasing an additional 456,465 shares during the period. Sanders Capital LLC raised its position in Delta Air Lines by 6.9% in the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company’s stock worth $1,800,754,000 after purchasing an additional 1,922,932 shares during the period. Geode Capital Management LLC raised its position in Delta Air Lines by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company’s stock worth $968,234,000 after purchasing an additional 410,648 shares during the period. 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 worth $918,419,000 after purchasing an additional 46,101 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Delta Air Lines by 0.8% in 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 hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DAL shares. Jefferies Financial Group reissued a “hold” rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Citigroup reduced 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. UBS Group set a $66.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Monday, May 19th. TD Cowen lifted their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, April 10th. Finally, Susquehanna decreased their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a research note on Monday, April 7th. Three 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $47.91 on Friday. The firm has a market cap of $31.28 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.75 and a beta of 1.46. The company’s 50 day moving average is $44.30 and its 200 day moving average is $55.94. 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 issued its quarterly earnings data 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). The business had revenue of $12.98 billion for the quarter, compared to analysts’ expectations of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors 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 yield of 1.25%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines’s payout ratio is 10.64%.

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.