Delta Air Lines, Inc. $DAL Stock Position Lowered by GMT Capital Corp

GMT Capital Corp cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 9.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,459,100 shares of the transportation company’s stock after selling 450,500 shares during the quarter. Delta Air Lines makes up about 16.1% of GMT Capital Corp’s investment portfolio, making the stock its 2nd largest position. GMT Capital Corp’s holdings in Delta Air Lines were worth $309,462,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Entropy Technologies LP purchased a new stake in shares of Delta Air Lines in the 4th quarter worth about $3,477,000. Ariadne Wealth Management LP acquired a new position in Delta Air Lines in the 4th quarter valued at about $238,000. Atlas Capital Advisors Inc. acquired a new position in Delta Air Lines in the 4th quarter valued at about $174,000. Aptus Capital Advisors LLC raised its stake in Delta Air Lines by 12.1% in the 4th quarter. Aptus Capital Advisors LLC now owns 14,016 shares of the transportation company’s stock valued at $973,000 after purchasing an additional 1,509 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in Delta Air Lines by 3.2% in the 4th quarter. Kestra Advisory Services LLC now owns 72,616 shares of the transportation company’s stock valued at $5,040,000 after purchasing an additional 2,263 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DAL. Evercore reissued an “outperform” rating and issued a $85.00 target price on shares of Delta Air Lines in a research note on Friday, April 17th. Argus boosted their target price on shares of Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Jefferies Financial Group boosted their target price on shares of Delta Air Lines from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Raymond James Financial boosted their target price on shares of 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. Finally, Bank of America cut their target price on shares of Delta Air Lines from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.85.

Insiders Place Their Bets

In other Delta Air Lines news, EVP John E. Laughter sold 69,304 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $68.15, for a total value of $4,723,067.60. Following the completion of the transaction, the executive vice president owned 69,369 shares in the company, valued at $4,727,497.35. This represents a 49.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Allison C. Ausband sold 9,710 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total value of $737,960.00. Following the completion of the transaction, the executive vice president owned 138,854 shares of the company’s stock, valued at approximately $10,552,904. This represents a 6.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 149,635 shares of company stock worth $10,833,855 in the last 90 days. 0.80% of the stock is owned by company insiders.

Delta Air Lines Stock Up 1.6%

Shares of NYSE:DAL opened at $83.11 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. Delta Air Lines, Inc. has a 1 year low of $45.28 and a 1 year high of $83.83. The stock has a market capitalization of $54.60 billion, a P/E ratio of 12.12, a PEG ratio of 1.17 and a beta of 1.30. The stock has a 50-day simple moving average of $73.02 and a 200-day simple moving average of $69.54.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. Equities analysts forecast that Delta Air Lines, Inc. will post 5.37 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, May 14th. Delta Air Lines’s dividend payout ratio is currently 10.93%.

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.