Delta Air Lines, Inc. (NYSE:DAL) Stock Position Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 23.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 366,098 shares of the transportation company’s stock after selling 115,009 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Delta Air Lines worth $15,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighPoint Advisor Group LLC raised its stake in shares of Delta Air Lines by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company’s stock worth $554,000 after buying an additional 155 shares in the last quarter. Continuum Advisory LLC lifted its holdings 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 acquiring an additional 179 shares during the last quarter. Woodmont Investment Counsel LLC boosted its position in shares of Delta Air Lines by 0.5% during the 4th quarter. Woodmont Investment Counsel LLC now owns 41,790 shares of the transportation company’s stock valued at $2,528,000 after purchasing an additional 192 shares in the last quarter. Nemes Rush Group LLC grew its stake in shares of Delta Air Lines by 4.2% in the 4th quarter. Nemes Rush Group LLC now owns 4,860 shares of the transportation company’s stock worth $294,000 after purchasing an additional 196 shares during the last quarter. Finally, Utah Retirement Systems lifted its stake in Delta Air Lines by 0.4% during the fourth quarter. Utah Retirement Systems now owns 52,725 shares of the transportation company’s stock valued at $3,190,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL opened at $56.37 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. The stock has a market capitalization of $36.80 billion, a PE ratio of 8.17, a P/E/G ratio of 1.72 and a beta of 1.49. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The business has a 50 day simple moving average of $50.26 and a two-hundred day simple moving average of $52.59.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $15,507,000 billion during the quarter, compared to analyst estimates of $16.16 billion. During the same quarter in the previous year, the business earned $2.36 earnings per share. Delta Air Lines’s quarterly revenue was down .1% on a year-over-year basis. On average, research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, July 31st. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.15. Delta Air Lines’s payout ratio is 8.70%.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Peter W. Carter sold 17,550 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total value of $1,003,684.50. Following the completion of the transaction, the executive vice president owned 191,442 shares of the company’s stock, valued at approximately $10,948,567.98. This represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven M. Sear sold 18,000 shares of Delta Air Lines stock in a transaction on Tuesday, July 15th. The shares were 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. This represents a 15.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,973 shares of company stock worth $5,541,946 over the last three months. Corporate insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DAL. Dbs Bank lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Raymond James Financial raised their price objective on Delta Air Lines from $60.00 to $68.00 in a research report on Friday, July 11th. Susquehanna Bancshares increased their price target on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock 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 company an “overweight” rating in a research note on Friday, July 11th. Finally, Citigroup lifted their target price on shares of Delta Air Lines from $62.00 to $65.50 and gave the company a “buy” rating in a research note on Friday, July 11th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Delta Air Lines has an average rating of “Moderate Buy” and a consensus price target of $66.21.

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.