Huntington National Bank Sells 536 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Huntington National Bank lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,143 shares of the transportation company’s stock after selling 536 shares during the quarter. Huntington National Bank’s holdings in Delta Air Lines were worth $372,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. OV Management LLC raised its position in shares of Delta Air Lines by 8.1% in the fourth quarter. OV Management LLC now owns 42,287 shares of the transportation company’s stock valued at $2,558,000 after purchasing an additional 3,186 shares during the period. Trexquant Investment LP acquired a new position in Delta Air Lines in the 4th quarter valued at $19,280,000. Geode Capital Management LLC raised its holdings in Delta Air Lines by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company’s stock worth $968,234,000 after acquiring an additional 410,648 shares during the period. Nemes Rush Group LLC lifted its position in Delta Air Lines by 4.2% during the 4th quarter. Nemes Rush Group LLC now owns 4,860 shares of the transportation company’s stock worth $294,000 after acquiring an additional 196 shares during the last quarter. Finally, HighPoint Advisor Group LLC boosted its holdings in 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 valued at $554,000 after acquiring an additional 155 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DAL. Jefferies Financial Group reissued a “hold” rating and set a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday. UBS Group lowered their price objective on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Bank of America decreased their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, TD Cowen upped their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $71.49.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $37.13 on Friday. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week 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. The stock has a fifty day moving average price of $56.32 and a two-hundred day moving average price of $58.06. The firm has a market capitalization of $24.00 billion, a P/E ratio of 6.97, a P/E/G ratio of 0.75 and a beta of 1.23.

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

Delta Air Lines Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.62%. Delta Air Lines’s payout ratio is 11.26%.

Insiders Place Their Bets

In related news, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. This represents a 29.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction dated 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 owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,886 shares of company stock valued at $11,116,463. 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.