Global Wealth Management Investment Advisory Inc. Decreases Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Global Wealth Management Investment Advisory Inc. trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,383 shares of the transportation company’s stock after selling 4,628 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Delta Air Lines were worth $1,899,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its position in shares of Delta Air Lines by 87.5% in the 3rd quarter. CWM LLC now owns 34,919 shares of the transportation company’s stock valued at $1,774,000 after purchasing an additional 16,294 shares in the last quarter. Clarius Group LLC raised its holdings in Delta Air Lines by 6.0% in the third quarter. Clarius Group LLC now owns 4,724 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 269 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Delta Air Lines by 8.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 21,348 shares of the transportation company’s stock valued at $1,084,000 after acquiring an additional 1,662 shares during the last quarter. InTrack Investment Management Inc grew its holdings in Delta Air Lines by 31.0% during the 3rd quarter. InTrack Investment Management Inc now owns 7,400 shares of the transportation company’s stock worth $376,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Delta Air Lines by 14.9% in the 3rd quarter. Inspire Investing LLC now owns 18,150 shares of the transportation company’s stock worth $922,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business’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 sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the transaction, the executive vice president now owns 35,889 shares of the company’s stock, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,863 shares of company stock valued at $8,649,150 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Price Performance

NYSE DAL opened at $68.14 on Monday. The company has a 50-day moving average price of $64.01 and a two-hundred day moving average price of $54.85. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The stock has a market cap of $43.97 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 EPS. Analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS 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. Investors of record on Thursday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DAL shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Jefferies Financial Group lifted their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays upped their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. TD Cowen boosted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, UBS Group restated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $78.22.

About Delta Air Lines

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.