Keybank National Association OH cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 59.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,004 shares of the transportation company’s stock after selling 5,828 shares during the period. Keybank National Association OH’s holdings in Delta Air Lines were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DAL. Baker Ellis Asset Management LLC acquired a new position in Delta Air Lines during the fourth quarter worth $106,000. SeaCrest Wealth Management LLC acquired a new position in Delta Air Lines during the fourth quarter worth $121,000. Blue Granite Capital LLC acquired a new position in Delta Air Lines during the third quarter worth $162,000. Global Trust Asset Management LLC acquired a new position in Delta Air Lines during the fourth quarter worth $185,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Delta Air Lines by 233.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock worth $196,000 after buying an additional 2,450 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.
Shares of Delta Air Lines, Inc. (DAL) opened at $53.90 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $38,100.00, a price-to-earnings ratio of 10.91, a P/E/G ratio of 0.72 and a beta of 1.14. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $60.79.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a $0.305 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.26%. Delta Air Lines’s dividend payout ratio is presently 24.70%.
DAL has been the topic of a number of research analyst reports. Vetr upgraded Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 target price on the stock in a research report on Wednesday, January 3rd. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. lifted their target price on Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Morgan Stanley reduced their target price on Delta Air Lines from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Finally, Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $67.05.
In related news, CEO Edward H. Bastian sold 25,000 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $56.47, for a total value of $1,411,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 73,211 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total value of $4,102,744.44. Following the completion of the sale, the chief executive officer now owns 338,719 shares in the company, valued at approximately $18,981,812.76. The disclosure for this sale can be found here. Insiders sold a total of 323,638 shares of company stock worth $18,537,123 in the last quarter. Company insiders own 0.37% of the company’s stock.
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Delta Air Lines Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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