Venture Visionary Partners LLC trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,490 shares of the transportation company’s stock after selling 541 shares during the period. Venture Visionary Partners LLC’s holdings in Delta Air Lines were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Delta Air Lines by 1.3% in the third quarter. Vanguard Group Inc. now owns 70,356,139 shares of the transportation company’s stock valued at $1,974,193,000 after acquiring an additional 917,225 shares in the last quarter. Primecap Management Co. CA lifted its position in shares of Delta Air Lines by 5.0% in the third quarter. Primecap Management Co. CA now owns 22,369,318 shares of the transportation company’s stock valued at $627,683,000 after acquiring an additional 1,067,362 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Delta Air Lines by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 12,817,518 shares of the transportation company’s stock worth $420,667,000 after purchasing an additional 365,622 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Delta Air Lines by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 9,893,400 shares of the transportation company’s stock worth $325,097,000 after purchasing an additional 1,077,500 shares during the last quarter. Finally, GMT Capital Corp increased its holdings in shares of Delta Air Lines by 41.5% in the fourth quarter. GMT Capital Corp now owns 5,399,600 shares of the transportation company’s stock worth $177,431,000 after purchasing an additional 1,584,000 shares during the last quarter. 68.35% of the stock is currently owned by hedge funds and other institutional investors.
Delta Air Lines Stock Down 0.2 %
Shares of NYSE DAL opened at $42.86 on Friday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.42 and a current ratio of 0.47. The firm has a market capitalization of $27.55 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 0.22 and a beta of 1.24. The stock has a 50 day moving average price of $36.62 and a 200 day moving average price of $36.21. Delta Air Lines, Inc. has a 52-week low of $27.20 and a 52-week high of $43.16.
Delta Air Lines Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 7th. Shareholders of record on Monday, July 17th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, July 14th. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. Delta Air Lines’s dividend payout ratio is currently 13.56%.
Insiders Place Their Bets
In other Delta Air Lines news, EVP Joanne D. Smith sold 7,513 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $36.90, for a total transaction of $277,229.70. Following the completion of the sale, the executive vice president now owns 107,782 shares in the company, valued at $3,977,155.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Joanne D. Smith sold 7,513 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $36.90, for a total transaction of $277,229.70. Following the completion of the sale, the executive vice president now owns 107,782 shares in the company, valued at approximately $3,977,155.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Glen W. Hauenstein sold 5,000 shares of the stock in a transaction on Monday, April 17th. The shares were sold at an average price of $34.53, for a total value of $172,650.00. Following the sale, the president now owns 273,712 shares of the company’s stock, valued at approximately $9,451,275.36. The disclosure for this sale can be found here. Insiders purchased a total of 15,000 shares of company stock worth $503,250 over the last 90 days. Company insiders own 0.89% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on DAL. Bank of America reduced their target price on Delta Air Lines from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, April 14th. JPMorgan Chase & Co. reduced their target price on Delta Air Lines from $81.00 to $69.00 in a report on Monday, May 8th. Morgan Stanley lifted their target price on Delta Air Lines from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, April 14th. Barclays lifted their target price on Delta Air Lines from $48.00 to $55.00 in a report on Friday. Finally, StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $49.79.
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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.
Read More
- Get a free research report on Delta Air Lines from StockNews.com
- MarketBeat Week in Review – 6/19 – 6/23
- CarMax Stock Flying On Earnings Beat, Return Of The Highs?
- Commercial Metals Company Shakes Off The Rust: Confirms Uptrend
- Smith & Wesson, A Timeless Value Play At Decade Lows
- Five stocks we like better than Delta Air Lines
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL – Get Rating).
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.
