Addison Advisors LLC Sells 238 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Addison Advisors LLC trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 12.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,735 shares of the transportation company’s stock after selling 238 shares during the quarter. Addison Advisors LLC’s holdings in Delta Air Lines were worth $105,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter worth $27,000. Hemington Wealth Management lifted its stake in Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Delta Air Lines during the 4th quarter valued at about $29,000. Crews Bank & Trust purchased a new position in shares of Delta Air Lines during the fourth quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Delta Air Lines in the third quarter worth about $31,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. The trade was a 29.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 in the last three months. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DAL. Susquehanna increased their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. TD Cowen raised their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $78.22.

Delta Air Lines Trading Up 0.5 %

DAL opened at $61.78 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The stock’s 50 day moving average price is $64.30 and its 200-day moving average price is $56.89. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The stock has a market cap of $39.94 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 0.75 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the prior year, the company posted $1.28 EPS. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. Delta Air Lines’s payout ratio is 11.26%.

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.