Glenview Trust Co Has $17.64 Million Stake in Delta Air Lines, Inc. $DAL

Glenview Trust Co grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,153 shares of the transportation company’s stock after purchasing an additional 8,442 shares during the quarter. Glenview Trust Co’s holdings in Delta Air Lines were worth $17,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Financial Bank Trust Division grew its position in shares of Delta Air Lines by 3.3% in the fourth quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock valued at $328,000 after purchasing an additional 150 shares during the last quarter. HBK Sorce Advisory LLC grew its position in shares of Delta Air Lines by 2.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 151 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Delta Air Lines by 2.4% in the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 152 shares during the last quarter. LRI Investments LLC grew its position in shares of Delta Air Lines by 3.4% in the fourth quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 154 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its position in shares of Delta Air Lines by 25.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Up 0.0%

Shares of DAL stock opened at $76.16 on Monday. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The stock has a market cap of $50.04 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.25. The stock has a 50 day simple moving average of $68.23 and a 200 day simple moving average of $67.26. Delta Air Lines, Inc. has a 1 year low of $45.28 and a 1 year high of $77.10.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. During the same period in the previous year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts predict that Delta Air Lines, Inc. will post 5.26 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, May 14th. This represents a $0.75 annualized dividend and a yield of 1.0%. Delta Air Lines’s dividend payout ratio is presently 10.93%.

Insiders Place Their Bets

In other Delta Air Lines news, EVP John E. Laughter sold 15,000 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the completion of the sale, the executive vice president directly owned 54,369 shares in the company, valued at $3,893,364.09. This represents a 21.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 100,000 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $70.26, for a total value of $7,026,000.00. Following the sale, the chief executive officer owned 1,363,448 shares of the company’s stock, valued at $95,795,856.48. The trade was a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 204,925 shares of company stock worth $14,323,395 over the last three months. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DAL. Susquehanna decreased their target price on Delta Air Lines from $81.00 to $78.00 and set a “positive” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings cut Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. Raymond James Financial boosted their price target on Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 9th. Wolfe Research cut their price target on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Finally, HSBC cut their price target on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.76.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.