Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 44.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,130 shares of the transportation company’s stock after selling 165,373 shares during the period. National Bank of Canada FI’s holdings in Delta Air Lines were worth $12,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. WASHINGTON TRUST Co grew its position in Delta Air Lines by 7.5% in the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company’s stock valued at $130,000 after buying an additional 150 shares in the last quarter. Hemington Wealth Management increased its holdings in shares of Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares in the last quarter. HighPoint Advisor Group LLC raised its position in shares of Delta Air Lines by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company’s stock worth $554,000 after purchasing an additional 155 shares during the period. Mason & Associates Inc lifted its stake in Delta Air Lines by 3.2% during the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock valued at $308,000 after buying an additional 160 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its position in shares of Delta Air Lines by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock valued at $865,000 after acquiring an additional 173 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. The trade was a 41.87 % decrease in their position. 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 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the topic of a number of research reports. Barclays dropped their target price on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. TD Cowen increased their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. UBS Group lowered their price target on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday. Finally, Susquehanna upped their price target on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $71.49.

Delta Air Lines Price Performance

Shares of DAL stock opened at $37.13 on Friday. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 6.97, a P/E/G ratio of 0.75 and a beta of 1.23. The stock’s fifty day simple moving average is $56.32 and its 200 day simple moving average is $58.06. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. 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 released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS 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 firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the business earned $1.28 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s payout ratio is presently 11.26%.

Delta Air Lines 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.