Brown Advisory Inc. Has $245,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Brown Advisory Inc. reduced its stake in Delta Air Lines, Inc. (NYSE:DAL) by 50.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,617 shares of the transportation company’s stock after selling 5,647 shares during the period. Brown Advisory Inc.’s holdings in Delta Air Lines were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Graney & King LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at $34,000. Continuum Advisory LLC grew its position in Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 179 shares during the period. Crowley Wealth Management Inc. purchased a new position in Delta Air Lines during the 4th quarter worth $45,000. Finally, Millstone Evans Group LLC purchased a new position in Delta Air Lines during the 4th quarter worth $46,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $55.57 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $36.28 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.73 and a beta of 1.49. The business has a fifty day simple moving average of $50.11 and a two-hundred day simple moving average of $52.62. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%. The business had revenue of $15,507,000 billion during the quarter, compared to analyst estimates of $16.16 billion. During the same quarter last year, the firm posted $2.36 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.35%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 31st. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.87%.

Insider Buying and Selling

In other Delta Air Lines news, EVP Steven M. Sear sold 18,000 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the completion of the sale, the executive vice president directly owned 97,505 shares in the company, valued at $5,456,379.80. The trade was a 15.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alain Bellemare sold 45,423 shares of Delta Air Lines stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $55.56, for a total value of $2,523,701.88. Following the transaction, the executive vice president directly owned 131,731 shares in the company, valued at approximately $7,318,974.36. The trade was a 25.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,973 shares of company stock worth $5,541,946. 0.88% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Delta Air Lines from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Susquehanna Bancshares upped their price target on Delta Air Lines from $51.00 to $65.00 and gave the company a “positive” rating in a research report on Friday, July 11th. Morgan Stanley upped their price objective on shares of Delta Air Lines from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Finally, UBS Group set a $72.00 price objective on Delta Air Lines in a research note on Friday, July 11th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.21.

About Delta Air Lines

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.