Guerra Pan Advisors LLC Sells 2,043 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Guerra Pan Advisors LLC lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,006 shares of the transportation company’s stock after selling 2,043 shares during the period. Guerra Pan Advisors LLC’s holdings in Delta Air Lines were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in DAL. Acadian Asset Management LLC bought a new position in shares of Delta Air Lines during the first quarter worth approximately $217,000. Panagora Asset Management Inc. increased its stake in shares of Delta Air Lines by 41.8% during the first quarter. Panagora Asset Management Inc. now owns 25,838 shares of the transportation company’s stock worth $1,022,000 after purchasing an additional 7,616 shares during the period. APG Asset Management N.V. acquired a new stake in Delta Air Lines during the first quarter worth approximately $243,000. Raymond James Trust N.A. grew its position in Delta Air Lines by 20.7% during the first quarter. Raymond James Trust N.A. now owns 9,918 shares of the transportation company’s stock worth $392,000 after buying an additional 1,700 shares in the last quarter. Finally, Cibc World Market Inc. grew its position in Delta Air Lines by 3.1% during the first quarter. Cibc World Market Inc. now owns 29,508 shares of the transportation company’s stock worth $1,168,000 after buying an additional 891 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.89% of the stock is owned by corporate insiders.

Delta Air Lines Price Performance

Shares of NYSE DAL traded down $0.23 during mid-day trading on Tuesday, hitting $46.42. 5,363,123 shares of the stock traded hands, compared to its average volume of 10,754,699. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $49.81. The company has a market cap of $29.96 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 0.70 and a beta of 1.43. The firm has a 50 day simple moving average of $43.59 and a two-hundred day simple moving average of $39.46.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter last year, the business posted $0.25 EPS. Delta Air Lines’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of analyst reports. UBS Group initiated coverage on Delta Air Lines in a research report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target on the stock. TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Bank of America increased their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Susquehanna raised their target price on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average price target of $58.29.

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.