Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 87.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 125,737 shares of the transportation company’s stock after selling 871,872 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Delta Air Lines were worth $5,058,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DAL. Migdal Insurance & Financial Holdings Ltd. grew its position in Delta Air Lines by 495.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock worth $25,000 after purchasing an additional 570 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Delta Air Lines during the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC grew its position in Delta Air Lines by 396.6% during the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after purchasing an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC grew its position in Delta Air Lines by 55.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock worth $32,000 after purchasing an additional 311 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Delta Air Lines during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DAL shares. TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley restated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Susquehanna boosted their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Finally, StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and an average price target of $58.29.

Delta Air Lines Stock Down 0.4 %

DAL stock opened at $46.65 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $49.81. The company has a fifty day simple moving average of $43.59 and a 200 day simple moving average of $39.46. The firm has a market cap of $30.10 billion, a PE ratio of 6.00, a PEG ratio of 0.70 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the previous year, the business earned $0.25 EPS. Delta Air Lines’s quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders 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 0.86%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is 5.14%.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.89% of the company’s stock.

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.