Addison Advisors LLC Sells 450 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Addison Advisors LLC lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,077 shares of the transportation company’s stock after selling 450 shares during the period. Addison Advisors LLC’s holdings in Delta Air Lines were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DAL. Jennison Associates LLC boosted its holdings in shares of Delta Air Lines by 145.2% during the 4th quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock valued at $105,347,000 after buying an additional 1,550,770 shares in the last quarter. Invesco Ltd. boosted its stake in Delta Air Lines by 27.0% in the 3rd quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock worth $178,112,000 after purchasing an additional 1,022,957 shares in the last quarter. Morgan Stanley boosted its stake in Delta Air Lines by 8.7% in 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 in the last quarter. Los Angeles Capital Management LLC boosted its stake in Delta Air Lines by 541.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 998,156 shares of the transportation company’s stock worth $36,932,000 after purchasing an additional 842,487 shares in the last quarter. Finally, U S Global Investors Inc. boosted its stake in Delta Air Lines by 21.1% in the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock worth $178,400,000 after purchasing an additional 773,636 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of NYSE DAL traded up $0.04 during midday trading on Friday, hitting $49.92. 9,982,953 shares of the company’s stock traded hands, compared to its average volume of 12,289,924. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $50.24. The stock has a market capitalization of $32.21 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.43. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The firm has a fifty day moving average of $45.03 and a 200 day moving average of $40.18.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $13.75 billion during 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 revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. On average, analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now directly owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the transaction, the executive vice president now directly owns 141,451 shares in the company, valued at $6,911,295.86. The disclosure for this sale can be found here. Insiders sold a total of 195,913 shares of company stock valued at $8,897,335 over the last three months. Corporate insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Bank of America upped their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. UBS Group assumed coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price target on the stock. TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Susquehanna boosted their target price on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $58.29.

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 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.