Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,148 shares of the transportation company’s stock after selling 2,068 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Delta Air Lines were worth $891,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Perigon Wealth Management LLC raised its holdings in Delta Air Lines by 10.4% in the 3rd quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company’s stock worth $382,000 after purchasing an additional 969 shares during the period. U S Global Investors Inc. increased its stake in 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 buying an additional 773,636 shares in the last quarter. Raymond James & Associates increased its stake in Delta Air Lines by 4.4% during the 4th quarter. Raymond James & Associates now owns 625,025 shares of the transportation company’s stock worth $25,145,000 after buying an additional 26,364 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in Delta Air Lines by 17.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock worth $188,514,000 after buying an additional 743,882 shares in the last quarter. Finally, Cozad Asset Management Inc. increased its stake in Delta Air Lines by 150.3% during the 3rd quarter. Cozad Asset Management Inc. now owns 178,080 shares of the transportation company’s stock worth $6,589,000 after buying an additional 106,940 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Up 3.0 %

Shares of Delta Air Lines stock opened at $47.63 on Friday. The firm has a market capitalization of $30.64 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 0.70 and a beta of 1.43. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $49.81. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.34 and a current ratio of 0.39. The stock has a 50 day moving average of $43.30 and a 200 day moving average of $39.29.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 10th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a return on equity of 46.35% and a net margin of 7.94%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, research analysts predict that Delta Air Lines, Inc. will post 6.56 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were given a $0.10 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.84%. Delta Air Lines’s payout ratio is 5.59%.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was 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 in the company, valued at $16,807,705.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on DAL. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Bank of America boosted their price objective on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley reiterated an “overweight” rating and set a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday. UBS Group started coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective for the company. Finally, TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $58.29.

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.