Tillar Wenstrup Advisors LLC Reduces Holdings in Delta Air Lines, Inc. (DAL)

Tillar Wenstrup Advisors LLC decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,091 shares of the transportation company’s stock after selling 1,220 shares during the quarter. Tillar Wenstrup Advisors LLC’s holdings in Delta Air Lines were worth $1,701,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DAL. Schroder Investment Management Group boosted its position in shares of Delta Air Lines by 2,963.6% during the second quarter. Schroder Investment Management Group now owns 352,344 shares of the transportation company’s stock worth $17,547,000 after buying an additional 340,843 shares during the period. United Services Automobile Association raised its position in Delta Air Lines by 18.2% during the second quarter. United Services Automobile Association now owns 487,052 shares of the transportation company’s stock worth $24,129,000 after acquiring an additional 75,019 shares during the period. Northwest Bancshares Inc. lifted its position in shares of Delta Air Lines by 6.7% during the third quarter. Northwest Bancshares Inc. now owns 32,573 shares of the transportation company’s stock worth $1,884,000 after purchasing an additional 2,034 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Delta Air Lines by 6.2% during the third quarter. CENTRAL TRUST Co now owns 37,437 shares of the transportation company’s stock worth $2,165,000 after purchasing an additional 2,195 shares during the period. Finally, Atria Investments LLC grew its holdings in Delta Air Lines by 14.7% in the 3rd quarter. Atria Investments LLC now owns 23,552 shares of the transportation company’s stock valued at $1,362,000 after buying an additional 3,024 shares during the period. Institutional investors own 89.33% of the company’s stock.

Shares of NYSE DAL opened at $50.41 on Thursday. Delta Air Lines, Inc. has a 52-week low of $45.08 and a 52-week high of $61.32. The stock has a market capitalization of $34.63 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.58 and a beta of 1.11. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, February 28th. Delta Air Lines’s dividend payout ratio is presently 24.78%.

In other news, COO W Gilbert West sold 21,000 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $50.49, for a total transaction of $1,060,290.00. Following the completion of the transaction, the chief operating officer now directly owns 136,799 shares of the company’s stock, valued at approximately $6,906,981.51. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Francis S. Blake bought 5,185 shares of the company’s stock in a transaction dated Monday, January 28th. The stock was bought at an average cost of $48.17 per share, with a total value of $249,761.45. Following the transaction, the director now directly owns 47,885 shares in the company, valued at approximately $2,306,620.45. The disclosure for this purchase can be found here. In the last quarter, insiders bought 13,185 shares of company stock valued at $664,881. Company insiders own 0.33% of the company’s stock.

A number of equities research analysts recently commented on the company. Cowen restated an “outperform” rating and set a $67.00 price target on shares of Delta Air Lines in a research report on Friday, December 14th. Citigroup increased their target price on shares of Delta Air Lines from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, November 29th. Imperial Capital raised their price objective on shares of Delta Air Lines from $76.00 to $83.00 and gave the company an “outperform” rating in a research note on Tuesday, December 4th. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Thursday, January 3rd. Finally, Bank of America downgraded Delta Air Lines from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $62.00 to $51.00 in a research report on Monday, January 14th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $67.22.

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About Delta Air Lines

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.

Further Reading: Market Capitalization in the Stock Market

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

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