Coldstream Capital Management Inc. Has $492,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Coldstream Capital Management Inc. grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,240 shares of the transportation company’s stock after purchasing an additional 304 shares during the period. Coldstream Capital Management Inc.’s holdings in Delta Air Lines were worth $492,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Delta Air Lines in the fourth quarter valued at $65,056,000. Manchester Capital Management LLC raised its position in shares of Delta Air Lines by 26,166.7% during the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after acquiring an additional 785 shares during the last quarter. Independent Advisor Alliance lifted its stake in shares of Delta Air Lines by 91.6% in the fourth quarter. Independent Advisor Alliance now owns 118,201 shares of the transportation company’s stock worth $4,755,000 after acquiring an additional 56,498 shares during the period. Lee Financial Co bought a new stake in Delta Air Lines in the fourth quarter valued at approximately $243,000. Finally, Private Wealth Management Group LLC acquired a new stake in Delta Air Lines during the 4th quarter valued at approximately $42,000. 69.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the sale, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Joanne D. Smith sold 4,846 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total value of $253,445.80. Following the transaction, the executive vice president now directly owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Insiders have sold 178,919 shares of company stock valued at $8,834,653 in the last three months. 0.96% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DAL. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Susquehanna boosted their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. 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 report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft boosted 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, Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $59.25.

Delta Air Lines Stock Performance

NYSE DAL opened at $51.20 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The company has a fifty day simple moving average of $48.83 and a 200 day simple moving average of $42.70. The company has a market cap of $33.04 billion, a P/E ratio of 6.58, a PEG ratio of 0.75 and a beta of 1.38. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same period in the previous year, the company posted $0.25 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts predict that Delta Air Lines, Inc. will post 6.66 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is presently 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.