Geneos Wealth Management Inc. Sells 984 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Geneos Wealth Management Inc. cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 42.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,352 shares of the transportation company’s stock after selling 984 shares during the period. Geneos Wealth Management Inc.’s holdings in Delta Air Lines were worth $54,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. Acadian Asset Management LLC bought a new stake in Delta Air Lines during the first quarter worth $217,000. Panagora Asset Management Inc. increased its holdings in shares of Delta Air Lines by 41.8% during the first quarter. Panagora Asset Management Inc. now owns 25,838 shares of the transportation company’s stock worth $1,022,000 after buying an additional 7,616 shares in the last quarter. APG Asset Management N.V. acquired a new position in shares of Delta Air Lines during the first quarter worth $243,000. Raymond James Trust N.A. increased its holdings in Delta Air Lines by 20.7% in the first quarter. Raymond James Trust N.A. now owns 9,918 shares of the transportation company’s stock valued at $392,000 after purchasing an additional 1,700 shares during the period. Finally, Cibc World Market Inc. increased its holdings in Delta Air Lines by 3.1% in the first quarter. Cibc World Market Inc. now owns 29,508 shares of the transportation company’s stock valued at $1,168,000 after purchasing an additional 891 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $46.55 on Wednesday. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $49.81. The stock has a market cap of $30.04 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 0.70 and a beta of 1.43. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The firm’s 50-day simple moving average is $43.71 and its 200 day simple moving average is $39.52.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share 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 for the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

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 $0.10 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.86%. Delta Air Lines’s payout ratio is 5.14%.

Analyst Ratings Changes

A number of research firms recently weighed in on DAL. Morgan Stanley restated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a report on Thursday, April 11th. UBS Group began coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target on the stock. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Finally, Susquehanna upped their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research report on Tuesday, April 9th. One 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, the stock presently has a consensus rating of “Buy” and an average target price of $58.29.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the sale, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.89% of the stock is owned by insiders.

Delta Air Lines Company 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.