Delta Air Lines, Inc. (DAL) Shares Sold by Global Financial Private Capital LLC

Global Financial Private Capital LLC lessened its stake in Delta Air Lines, Inc. (NYSE:DAL) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,337 shares of the transportation company’s stock after selling 5,670 shares during the quarter. Global Financial Private Capital LLC’s holdings in Delta Air Lines were worth $2,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DAL. Capital Investment Advisors LLC increased its stake in Delta Air Lines by 3.8% during the 4th quarter. Capital Investment Advisors LLC now owns 6,340 shares of the transportation company’s stock worth $316,000 after buying an additional 231 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Delta Air Lines by 45.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 911 shares of the transportation company’s stock worth $45,000 after buying an additional 285 shares during the period. Pineno Levin & Ford Asset Management Inc. increased its stake in Delta Air Lines by 0.6% during the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,453 shares of the transportation company’s stock worth $2,617,000 after buying an additional 290 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in Delta Air Lines by 1.1% during the 4th quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 30,342 shares of the transportation company’s stock worth $1,514,000 after buying an additional 317 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in Delta Air Lines by 12.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 3,551 shares of the transportation company’s stock worth $177,000 after buying an additional 388 shares during the period. Institutional investors own 89.33% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Vertical Research assumed coverage on shares of Delta Air Lines in a research report on Monday, February 4th. They issued a “hold” rating for the company. Credit Suisse Group set a $67.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Wednesday, January 16th. Bank of America downgraded shares of Delta Air Lines from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $62.00 to $51.00 in a research report on Monday, January 14th. Finally, Stephens reissued a “buy” rating on shares of Delta Air Lines in a research report on Sunday, January 6th. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $67.22.

In other news, CEO Edward H. Bastian sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $50.00, for a total value of $3,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 326,943 shares of the company’s stock, valued at approximately $16,347,150. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO W Gilbert West sold 21,000 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $50.49, for a total transaction of $1,060,290.00. Following the completion of the sale, the chief operating officer now directly owns 136,799 shares of the company’s stock, valued at $6,906,981.51. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 13,185 shares of company stock valued at $664,881. Company insiders own 0.33% of the company’s stock.

Shares of NYSE:DAL opened at $50.61 on Tuesday. The company has a market capitalization of $34.70 billion, a PE ratio of 8.96, a P/E/G ratio of 0.58 and a beta of 1.11. Delta Air Lines, Inc. has a twelve month low of $45.08 and a twelve month high of $61.32. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 1.03.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, January 15th. The transportation company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The company had revenue of $10.74 billion during the quarter, compared to analyst estimates of $10.71 billion. Delta Air Lines had a net margin of 8.78% and a return on equity of 29.43%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. Equities analysts forecast that Delta Air Lines, Inc. will post 6.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, February 28th. Delta Air Lines’s dividend payout ratio is currently 24.78%.

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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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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