Twin Capital Management Inc. Sells 309 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Twin Capital Management Inc. lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,870 shares of the transportation company’s stock after selling 309 shares during the quarter. Twin Capital Management Inc.’s holdings in Delta Air Lines were worth $397,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DAL. Norges Bank bought a new position in shares of Delta Air Lines during the 4th quarter valued at approximately $60,640,000. Amundi increased its position in shares of Delta Air Lines by 79.5% during the 4th quarter. Amundi now owns 3,396,524 shares of the transportation company’s stock valued at $129,679,000 after purchasing an additional 1,504,544 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Delta Air Lines by 211.1% during the 1st quarter. AQR Capital Management LLC now owns 2,127,687 shares of the transportation company’s stock valued at $73,661,000 after acquiring an additional 1,443,810 shares during the period. Vanguard Group Inc. boosted its holdings in Delta Air Lines by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock valued at $2,700,032,000 after acquiring an additional 1,267,578 shares during the period. Finally, Invesco Ltd. boosted its holdings in Delta Air Lines by 27.0% during the 3rd quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock valued at $178,112,000 after acquiring an additional 1,022,957 shares during the period. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a report on Thursday, April 11th. UBS Group started coverage on Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price for the company. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $58.29.

Delta Air Lines Trading Down 0.6 %

Shares of NYSE:DAL opened at $47.57 on Friday. The business’s 50-day moving average is $44.16 and its 200 day moving average is $39.72. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $49.81. The firm has a market capitalization of $30.70 billion, a P/E ratio of 6.11, a P/E/G ratio of 0.71 and a beta of 1.43. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same period in the prior year, the company posted $0.25 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts predict that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Insider Activity

In related news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction dated 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 sale, 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

Delta Air Lines Company Profile

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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.