Virtu Financial LLC Sells 62,415 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Virtu Financial LLC trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 81.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,421 shares of the transportation company’s stock after selling 62,415 shares during the period. Virtu Financial LLC’s holdings in Delta Air Lines were worth $580,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. American International Group Inc. boosted its holdings in Delta Air Lines by 1.6% in the 4th quarter. American International Group Inc. now owns 181,107 shares of the transportation company’s stock valued at $7,286,000 after purchasing an additional 2,783 shares during the period. International Assets Investment Management LLC raised its position in shares of Delta Air Lines by 132.3% during the 4th quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock valued at $18,777,000 after buying an additional 265,852 shares in the last quarter. Capital Advisors Inc. OK purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at $4,241,000. Meeder Asset Management Inc. raised its position in shares of Delta Air Lines by 325.5% during the 4th quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock valued at $3,124,000 after buying an additional 59,398 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Delta Air Lines by 7.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock valued at $45,364,000 after buying an additional 73,936 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on DAL shares. Susquehanna raised their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research report on Tuesday, April 9th. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Citigroup lifted their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. HSBC started coverage on shares of Delta Air Lines in a research report on Monday, May 13th. They issued a “buy” rating and a $72.80 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $59.85.

Insider Activity

In related news, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter W. Carter sold 50,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the sale, the executive vice president now directly owns 143,328 shares in the company, valued at approximately $7,166,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 178,919 shares of company stock valued at $8,834,653. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

DAL stock opened at $49.71 on Tuesday. The firm’s 50-day moving average price is $50.31 and its two-hundred day moving average price is $44.61. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $53.86. The stock has a market capitalization of $32.08 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.71 and a beta of 1.37. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. As a group, equities analysts predict that Delta Air Lines, Inc. will post 6.66 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, May 13th. Delta Air Lines’s payout ratio is 5.14%.

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 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.