Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by NBC Securities Inc.

NBC Securities Inc. trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 27.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,583 shares of the transportation company’s stock after selling 5,095 shares during the period. NBC Securities Inc.’s holdings in Delta Air Lines were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital International Investors grew its stake in Delta Air Lines by 8.8% in the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock valued at $842,283,000 after acquiring an additional 1,689,053 shares during the last quarter. Capital World Investors boosted its stake in shares of Delta Air Lines by 0.5% during the 4th quarter. Capital World Investors now owns 14,981,124 shares of the transportation company’s stock worth $602,691,000 after purchasing an additional 79,818 shares during the last quarter. Morgan Stanley boosted its stake in shares of Delta Air Lines by 8.7% during the 3rd quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock worth $401,048,000 after purchasing an additional 865,746 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Delta Air Lines by 220.2% during the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after purchasing an additional 5,914,301 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Delta Air Lines by 10.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company’s stock worth $336,908,000 after purchasing an additional 826,232 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction that occurred on 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 in the company, valued at $10,672,495.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Willie Cw Chiang purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $49.50 per share, with a total value of $495,000.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $495,000. The disclosure for this purchase can be found here. Insiders have sold 178,919 shares of company stock worth $8,834,653 over the last 90 days. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 0.1 %

NYSE DAL opened at $49.63 on Friday. The firm has a market capitalization of $32.03 billion, a price-to-earnings ratio of 6.38, a PEG ratio of 0.73 and a beta of 1.37. The company’s 50 day moving average price is $50.46 and its 200 day moving average price is $44.76. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The company 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 business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 6.61 EPS for the current year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, July 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio (DPR) is currently 5.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Susquehanna raised their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. HSBC initiated coverage on shares of Delta Air Lines in a report on Monday, May 13th. They set a “buy” rating and a $72.80 price objective on the stock. UBS Group initiated coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective on the stock. Finally, Citigroup increased their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $59.85.

Delta Air Lines 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 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.