RiverPoint Capital Management LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,735 shares of the transportation company’s stock after selling 1,705 shares during the quarter. RiverPoint Capital Management LLC’s holdings in Delta Air Lines were worth $209,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Baker Ellis Asset Management LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at $106,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at $121,000. Global Trust Asset Management LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at $185,000. Blue Granite Capital LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at $162,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Delta Air Lines by 233.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock valued at $196,000 after acquiring an additional 2,450 shares during the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on DAL. Stephens set a $67.00 price target on Delta Air Lines and gave the company a “buy” rating in a research note on Monday, December 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price target (up from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Vetr cut Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target for the company. in a research note on Wednesday, November 29th. Finally, Cowen increased their price target on Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $67.05.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. Delta Air Lines’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. equities research analysts anticipate that Delta Air Lines, Inc. will post 6.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 2.26%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s dividend payout ratio is currently 24.70%.
In related news, Director George N. Mattson bought 10,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average cost of $51.89 per share, with a total value of $518,900.00. Following the transaction, the director now directly owns 66,510 shares in the company, valued at $3,451,203.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Paul A. Jacobson sold 42,900 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $55.88, for a total value of $2,397,252.00. Following the transaction, the chief financial officer now directly owns 373,870 shares of the company’s stock, valued at $20,891,855.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 323,638 shares of company stock valued at $18,537,123. 0.37% of the stock is owned by corporate insiders.
About Delta Air Lines
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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