Gradient Investments LLC Decreases Holdings in Delta Air Lines, Inc. (DAL)

Gradient Investments LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 153,545 shares of the transportation company’s stock after selling 4,100 shares during the period. Gradient Investments LLC’s holdings in Delta Air Lines were worth $7,931,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Washington Trust Bank raised its position in shares of Delta Air Lines by 141.3% during the 1st quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock valued at $25,000 after buying an additional 284 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Delta Air Lines during the 1st quarter valued at $26,000. Lindbrook Capital LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at $27,000. Sontag Advisory LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at $28,000. Finally, ERTS Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at $30,000. 91.32% of the stock is owned by hedge funds and other institutional investors.

In other news, COO W Gilbert West sold 21,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 136,799 shares of the company’s stock, valued at approximately $6,906,981.51. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter W. Carter sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $58.01, for a total transaction of $1,450,250.00. Following the completion of the sale, the executive vice president now directly owns 85,295 shares of the company’s stock, valued at $4,947,962.95. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 3,554,538 shares of company stock valued at $175,828,075 and sold 166,901 shares valued at $9,186,138. Company insiders own 0.33% of the company’s stock.

Shares of Delta Air Lines stock opened at $57.80 on Friday. The firm has a market capitalization of $38.02 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.70 and a beta of 1.12. Delta Air Lines, Inc. has a 12-month low of $45.08 and a 12-month high of $61.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.29 and a current ratio of 0.34.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 2nd will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.40 annualized dividend and a dividend yield of 2.42%. Delta Air Lines’s dividend payout ratio is 24.78%.

Several research firms have recently weighed in on DAL. Zacks Investment Research cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Imperial Capital reaffirmed an “in-line” rating and set a $58.00 target price on shares of Delta Air Lines in a report on Thursday, April 11th. Vertical Research assumed coverage on shares of Delta Air Lines in a report on Monday, February 4th. They set a “hold” rating on the stock. Credit Suisse Group increased their target price on shares of Delta Air Lines from $37.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Finally, Cowen increased their target price on shares of Delta Air Lines from $62.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $66.21.

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

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

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