Capital Management Associates Inc Sells 151 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Capital Management Associates Inc decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,792 shares of the transportation company’s stock after selling 151 shares during the quarter. Capital Management Associates Inc’s holdings in Delta Air Lines were worth $895,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sanders Capital LLC grew its position in shares of Delta Air Lines by 2.8% during 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 in the last quarter. Geode Capital Management LLC grew its position in 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 worth $789,452,000 after acquiring an additional 416,338 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $281,206,000. Castle Hook Partners LP bought a new position in Delta Air Lines during the third quarter valued at $189,296,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Delta Air Lines by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock worth $177,637,000 after purchasing an additional 10,332 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research analyst reports. Susquehanna lifted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. UBS Group reaffirmed a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. Barclays upped their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $78.22.

Insider Transactions at Delta Air Lines

In other Delta Air Lines 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 transaction of $1,241,367.60. Following the transaction, the executive vice president now owns 35,889 shares of the company’s stock, valued at $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 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 approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,863 shares of company stock valued at $8,649,150. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Performance

NYSE DAL opened at $68.14 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The stock’s fifty day moving average is $63.93 and its two-hundred day moving average is $54.60. The firm has a market capitalization of $43.97 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last posted its 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 30.43%. The company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s payout ratio is currently 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.