Delta Air Lines, Inc. (NYSE:DAL) Holdings Lifted by Hancock Whitney Corp

Hancock Whitney Corp boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,941 shares of the transportation company’s stock after buying an additional 503 shares during the quarter. Hancock Whitney Corp’s holdings in Delta Air Lines were worth $546,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DAL. Capital Investment Advisors LLC lifted its stake in shares of Delta Air Lines by 3.8% in the fourth quarter. Capital Investment Advisors LLC now owns 6,340 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 231 shares during the period. First Heartland Consultants Inc. lifted its stake in shares of Delta Air Lines by 1.7% in the fourth quarter. First Heartland Consultants Inc. now owns 16,428 shares of the transportation company’s stock valued at $820,000 after purchasing an additional 272 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Delta Air Lines by 45.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 911 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 285 shares during the period. Pineno Levin & Ford Asset Management Inc. lifted its stake in shares of Delta Air Lines by 0.6% in the fourth quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,453 shares of the transportation company’s stock valued at $2,617,000 after purchasing an additional 290 shares during the period. Finally, Livingston Group Asset Management CO operating as Southport Capital Management lifted its stake in shares of Delta Air Lines by 1.1% in the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 30,342 shares of the transportation company’s stock valued at $1,514,000 after purchasing an additional 317 shares during the period. 88.00% of the stock is currently owned by institutional investors.

In related news, COO W Gilbert West sold 21,000 shares of the company’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $50.49, for a total value of $1,060,290.00. Following the sale, the chief operating officer now directly owns 136,799 shares of the company’s stock, valued at $6,906,981.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Francis S. Blake bought 5,185 shares of the stock in a transaction on Monday, January 28th. The shares were acquired at an average price of $48.17 per share, with a total value of $249,761.45. Following the purchase, the director now owns 47,885 shares of the company’s stock, valued at $2,306,620.45. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 3,559,723 shares of company stock worth $176,077,837 and sold 111,901 shares worth $6,010,888. Corporate insiders own 0.33% of the company’s stock.

DAL stock traded down $0.26 during midday trading on Friday, reaching $58.17. 4,108,117 shares of the company’s stock traded hands, compared to its average volume of 8,071,016. The stock has a market cap of $38.10 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 0.70 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a fifty-two week low of $45.08 and a fifty-two week high of $61.32.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 10th. The transportation company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. The business had revenue of $10.47 billion for the quarter, compared to analysts’ expectations of $10.39 billion. During the same period in the previous year, the company posted $0.74 earnings per share. On average, equities analysts forecast that Delta Air Lines, Inc. will post 6.65 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 2nd will be issued a $0.35 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $1.40 annualized dividend and a yield of 2.41%. Delta Air Lines’s dividend payout ratio is presently 24.78%.

DAL has been the subject of several recent research reports. Imperial Capital restated an “in-line” rating and set a $58.00 target price on shares of Delta Air Lines in a report on Thursday, April 11th. Zacks Investment Research downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Citigroup raised their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Bank of America downgraded shares of Delta Air Lines from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $62.00 to $51.00 in a report on Monday, January 14th. Finally, Vertical Research started coverage on shares of Delta Air Lines in a report on Monday, February 4th. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $66.21.

ILLEGAL ACTIVITY WARNING: This news story was reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.baseballdailydigest.com/news/2019/04/21/delta-air-lines-inc-dal-stake-boosted-by-hancock-whitney-corp.html.

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 and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

Recommended Story: What is a bull market?

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

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.