Kentucky Retirement Systems Sells 607 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Kentucky Retirement Systems reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,066 shares of the transportation company’s stock after selling 607 shares during the quarter. Kentucky Retirement Systems’ holdings in Delta Air Lines were worth $2,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Crossmark Global Holdings Inc. boosted its position in shares of Delta Air Lines by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after purchasing an additional 13,802 shares during the period. KBC Group NV boosted its position in shares of Delta Air Lines by 143.7% in the third quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock worth $2,876,000 after purchasing an additional 33,378 shares during the period. Olstein Capital Management L.P. lifted its holdings in shares of Delta Air Lines by 32.6% in the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after buying an additional 43,000 shares in the last quarter. Donoghue Forlines LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth $2,036,000. Finally, River Road Asset Management LLC lifted its holdings in shares of Delta Air Lines by 22.8% in the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock worth $6,634,000 after buying an additional 24,249 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DAL has been the topic of several research analyst reports. TD Cowen boosted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. UBS Group reissued a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Susquehanna boosted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, Barclays boosted their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Trading Down 6.1 %

DAL stock opened at $59.88 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98. The stock has a market capitalization of $38.71 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The firm’s fifty day simple moving average is $64.27 and its two-hundred day simple moving average is $56.44.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the previous year, the business posted $1.28 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s payout ratio is presently 11.26%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,886 shares of company stock worth $11,116,463. Insiders own 0.96% of the company’s stock.

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.