Glenview Trust Co Acquires 8,442 Shares of Delta Air Lines, Inc. $DAL

Glenview Trust Co lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 254,153 shares of the transportation company’s stock after purchasing an additional 8,442 shares during the quarter. Glenview Trust Co’s holdings in Delta Air Lines were worth $17,638,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AlphaQuest LLC increased its holdings in shares of Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after buying an additional 211 shares in the last quarter. Accredited Wealth Management LLC increased its holdings in shares of Delta Air Lines by 1,983.3% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after buying an additional 476 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Delta Air Lines during the fourth quarter worth $31,000. SWAN Capital LLC increased its holdings in shares of Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after buying an additional 508 shares in the last quarter. Finally, Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth $34,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

NYSE DAL opened at $76.16 on Monday. The company has a market capitalization of $50.04 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.10 and a beta of 1.25. Delta Air Lines, Inc. has a twelve month low of $45.28 and a twelve month high of $77.10. The stock has a fifty day simple moving average of $68.23 and a 200 day simple moving average of $67.26. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. Sell-side analysts expect that Delta Air Lines, Inc. will post 5.26 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.93%.

Insiders Place Their Bets

In other Delta Air Lines news, EVP John E. Laughter sold 15,000 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the completion of the sale, the executive vice president directly owned 54,369 shares in the company, valued at approximately $3,893,364.09. This trade represents a 21.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 100,000 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $70.26, for a total value of $7,026,000.00. Following the sale, the chief executive officer owned 1,363,448 shares of the company’s stock, valued at approximately $95,795,856.48. The trade was a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 204,925 shares of company stock worth $14,323,395. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Evercore reiterated an “outperform” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Friday, April 17th. Rothschild & Co Redburn lowered their price target on shares of Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Citigroup upped their price target on shares of Delta Air Lines from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Weiss Ratings downgraded shares of Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Finally, UBS Group upped their price target on shares of Delta Air Lines from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus price target of $79.76.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.