Intrust Bank NA Lowers Position in Delta Air Lines, Inc. (NYSE:DAL)

Intrust Bank NA decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 14.1% in the 4th quarter, Holdings Channel reports. The firm owned 18,967 shares of the transportation company’s stock after selling 3,110 shares during the period. Intrust Bank NA’s holdings in Delta Air Lines were worth $763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Chip Partners LLC bought a new stake in shares of Delta Air Lines during the 4th quarter worth $218,000. Kapstone Financial Advisors LLC lifted its stake in Delta Air Lines by 22.6% during the fourth quarter. Kapstone Financial Advisors LLC now owns 7,821 shares of the transportation company’s stock worth $314,000 after purchasing an additional 1,440 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Delta Air Lines by 0.5% in the 4th quarter. Russell Investments Group Ltd. now owns 1,268,313 shares of the transportation company’s stock worth $51,039,000 after purchasing an additional 6,827 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Delta Air Lines by 1,700.7% during the 4th quarter. Headlands Technologies LLC now owns 16,909 shares of the transportation company’s stock valued at $680,000 after purchasing an additional 15,970 shares during the last quarter. Finally, Jackson Hole Capital Partners LLC raised its holdings in shares of Delta Air Lines by 3.8% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 22,029 shares of the transportation company’s stock valued at $886,000 after buying an additional 804 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on DAL. Bank of America lifted their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a report on Thursday, April 11th. TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $58.29.

Insider Buying and Selling

In other Delta Air Lines news, EVP Peter W. Carter sold 50,000 shares of Delta Air Lines stock in a transaction on Monday, April 29th. The stock was sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the completion of the transaction, the executive vice president now owns 143,328 shares in the company, valued at $7,166,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Delta Air Lines news, EVP Peter W. Carter sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the completion of the sale, the executive vice president now directly owns 143,328 shares in the company, valued at approximately $7,166,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the transaction, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. Insiders have sold 245,913 shares of company stock worth $11,397,335 in the last 90 days. Insiders own 0.89% of the company’s stock.

Delta Air Lines Price Performance

Shares of DAL stock opened at $50.09 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The stock has a market cap of $32.32 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 0.75 and a beta of 1.43. The business’s fifty day moving average is $45.42 and its 200 day moving average is $40.46. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $50.74.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same period in the prior year, the firm earned $0.25 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Research analysts expect that Delta Air Lines, Inc. will post 6.55 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be given a $0.10 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. Delta Air Lines’s dividend payout ratio is currently 5.14%.

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.