Wealthcare Advisory Partners LLC Decreases Stake in Delta Air Lines, Inc. (NYSE:DAL)

Wealthcare Advisory Partners LLC lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,692 shares of the transportation company’s stock after selling 1,787 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Delta Air Lines were worth $470,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Navalign LLC raised its position in Delta Air Lines by 1.7% during the fourth quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock valued at $700,000 after purchasing an additional 293 shares during the period. Summit X LLC raised its holdings in shares of Delta Air Lines by 1.1% in the third quarter. Summit X LLC now owns 28,205 shares of the transportation company’s stock worth $1,044,000 after buying an additional 307 shares during the period. Chesley Taft & Associates LLC raised its holdings in shares of Delta Air Lines by 2.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 13,922 shares of the transportation company’s stock worth $560,000 after buying an additional 332 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Delta Air Lines by 22.1% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,143 shares of the transportation company’s stock worth $86,000 after buying an additional 388 shares during the period. Finally, 180 Wealth Advisors LLC raised its holdings in shares of Delta Air Lines by 2.2% in the fourth quarter. 180 Wealth Advisors LLC now owns 18,056 shares of the transportation company’s stock worth $730,000 after buying an additional 391 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $52.76 on Friday. The firm has a market capitalization of $33.77 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The business has a fifty day moving average of $46.61 and a 200 day moving average of $41.17. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.00.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. As a group, research analysts expect that Delta Air Lines, Inc. will post 6.61 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

Insider Buying and Selling

In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the transaction, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Joanne D. Smith sold 4,846 shares of Delta Air Lines stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total value of $253,445.80. Following the completion of the transaction, the executive vice president now owns 112,421 shares in the company, valued at approximately $5,879,618.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the transaction, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. Insiders sold 178,919 shares of company stock worth $8,834,653 in the last 90 days. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Susquehanna increased their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. UBS Group started coverage on Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines 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.