Amalgamated Bank Has $7.44 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Amalgamated Bank cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,967 shares of the transportation company’s stock after selling 3,189 shares during the quarter. Amalgamated Bank’s holdings in Delta Air Lines were worth $7,440,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sanders Capital LLC grew its position in shares of Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after purchasing an additional 749,099 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after buying an additional 416,338 shares during the period. Pzena Investment Management LLC acquired a new stake in Delta Air Lines during the third quarter worth about $281,206,000. Castle Hook Partners LP bought a new position in Delta Air Lines during the third quarter valued at about $189,296,000. Finally, Bank of New York Mellon Corp raised its holdings in Delta Air Lines by 8.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,544,750 shares of the transportation company’s stock valued at $214,457,000 after acquiring an additional 274,067 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $61.64 on Thursday. The firm’s 50 day simple moving average is $64.36 and its 200 day simple moving average is $56.92. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The company has a market capitalization of $39.85 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 0.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping 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 company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same period last year, the firm posted $1.28 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a $0.15 dividend. 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%.

Analysts Set New Price Targets

Several analysts have recently weighed in on DAL shares. Barclays lifted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. UBS Group reaffirmed a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group raised their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $78.22.

Insiders Place Their Bets

In related news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the sale, the executive vice president now owns 35,889 shares of the company’s stock, valued at approximately $2,479,212.12. This trade represents a 33.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock worth $11,116,463 over the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

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.