Bleakley Financial Group LLC Has $395,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

Bleakley Financial Group LLC trimmed its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,814 shares of the transportation company’s stock after selling 355 shares during the period. Bleakley Financial Group LLC’s holdings in Delta Air Lines were worth $395,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Parkside Financial Bank & Trust lifted its position in shares of Delta Air Lines by 10.1% during the second quarter. Parkside Financial Bank & Trust now owns 2,817 shares of the transportation company’s stock worth $134,000 after purchasing an additional 258 shares in the last quarter. Forum Financial Management LP increased its position in shares of Delta Air Lines by 3.5% during the first quarter. Forum Financial Management LP now owns 8,675 shares of the transportation company’s stock worth $343,000 after acquiring an additional 292 shares in the last quarter. Navalign LLC increased its position in shares of Delta Air Lines by 1.7% during the fourth quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock worth $700,000 after acquiring an additional 293 shares in the last quarter. Utah Retirement Systems increased its position in shares of Delta Air Lines by 0.6% during the fourth quarter. Utah Retirement Systems now owns 54,325 shares of the transportation company’s stock worth $1,785,000 after acquiring an additional 300 shares in the last quarter. Finally, Summit X LLC increased its position in shares of Delta Air Lines by 1.1% during the third quarter. Summit X LLC now owns 28,205 shares of the transportation company’s stock worth $1,044,000 after acquiring an additional 307 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Shares of DAL opened at $46.86 on Monday. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $49.81. The firm has a market capitalization of $30.24 billion, a PE ratio of 6.02, a PEG ratio of 0.70 and a beta of 1.43. The company’s 50-day moving average is $43.44 and its 200-day moving average is $39.39. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same period last year, the firm earned $0.25 earnings per share. Delta Air Lines’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts forecast that Delta Air Lines, Inc. will post 6.52 EPS for the current 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is 5.14%.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.89% of the stock is owned by insiders.

Analyst Ratings Changes

DAL has been the subject of several recent research reports. Susquehanna increased their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday. TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Finally, Bank of America increased their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday. One equities research 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 data from MarketBeat, the stock has a consensus rating of “Buy” and an average 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.