D.A. Davidson & CO. Has $858,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

D.A. Davidson & CO. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,193 shares of the transportation company’s stock after selling 1,027 shares during the quarter. D.A. Davidson & CO.’s holdings in Delta Air Lines were worth $858,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. acquired a new stake in Delta Air Lines in the first quarter valued at $502,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 570 shares during the last quarter. Tyler Stone Wealth Management acquired a new stake in Delta Air Lines in the second quarter valued at $36,000. Coppell Advisory Solutions Corp. acquired a new stake in Delta Air Lines in the fourth quarter valued at $28,000. Finally, Moisand Fitzgerald Tamayo LLC lifted its stake in Delta Air Lines by 55.2% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 311 shares during the last quarter. Institutional investors and hedge funds own 71.29% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL opened at $40.60 on Tuesday. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $49.81. The stock has a market cap of $26.12 billion, a PE ratio of 5.68, a P/E/G ratio of 0.73 and a beta of 1.42. The firm has a 50-day moving average of $40.00 and a 200-day moving average of $38.79. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.33 and a current ratio of 0.38.

Delta Air Lines (NYSE:DALGet Free Report) last released its quarterly earnings results on Friday, January 12th. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Delta Air Lines had a net margin of 7.94% and a return on equity of 46.53%. The business had revenue of $14.22 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same period last year, the firm earned $1.48 earnings per share. Delta Air Lines’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.57 EPS for the current year.

Delta Air Lines Announces Dividend

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

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were 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 of the company’s stock, valued at $16,807,705.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average target price of $55.54.

Read Our Latest Stock Analysis on DAL

Delta Air Lines Company Profile

(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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