Burney Co. Cuts Stake in Delta Air Lines, Inc. (NYSE:DAL)

Burney Co. reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 25.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,983 shares of the transportation company’s stock after selling 2,075 shares during the period. Burney Co.’s holdings in Delta Air Lines were worth $221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Delta Air Lines by 495.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock worth $25,000 after purchasing an additional 570 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in Delta Air Lines during the 4th quarter worth $28,000. Moisand Fitzgerald Tamayo LLC increased its holdings in Delta Air Lines by 55.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock worth $32,000 after purchasing an additional 311 shares during the period. Tyler Stone Wealth Management purchased a new position in Delta Air Lines during the 2nd quarter worth $36,000. Finally, VitalStone Financial LLC increased its holdings in Delta Air Lines by 85.8% during the 1st quarter. VitalStone Financial LLC now owns 1,083 shares of the transportation company’s stock worth $42,000 after purchasing an additional 500 shares during the period. 71.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the transaction, the chief executive officer now directly owns 428,768 shares in the company, valued at approximately $16,807,705.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.89% of the stock is owned by company insiders.

Delta Air Lines Trading Up 0.4 %

Shares of NYSE:DAL opened at $40.51 on Friday. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $49.81. The business’s fifty day simple moving average is $39.96 and its 200-day simple moving average is $38.88. The company has a market capitalization of $26.07 billion, a PE ratio of 5.67, a P/E/G ratio of 0.73 and a beta of 1.42. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 1.56.

Delta Air Lines (NYSE:DALGet Free Report) last announced its earnings results on Friday, January 12th. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. Delta Air Lines had a return on equity of 46.53% and a net margin of 7.94%. The firm had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $13.55 billion. During the same period in the previous year, the business earned $1.48 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 6.57 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Monday, February 26th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.99%. Delta Air Lines’s dividend payout ratio (DPR) is 5.59%.

Analysts Set New Price Targets

Separately, TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average target price of $55.54.

Get Our Latest Report on DAL

About Delta Air Lines

(Free Report)

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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