Welch Capital Partners LLC NY lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 185,840 shares of the transportation company’s stock after selling 440 shares during the period. Delta Air Lines comprises approximately 3.5% of Welch Capital Partners LLC NY’s holdings, making the stock its 6th largest position. Welch Capital Partners LLC NY’s holdings in Delta Air Lines were worth $9,273,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of DAL. Schroder Investment Management Group raised its position in shares of Delta Air Lines by 2,963.6% during the 2nd quarter. Schroder Investment Management Group now owns 352,344 shares of the transportation company’s stock valued at $17,547,000 after buying an additional 340,843 shares in the last quarter. Atria Investments LLC raised its position in shares of Delta Air Lines by 14.7% during the 3rd quarter. Atria Investments LLC now owns 23,552 shares of the transportation company’s stock valued at $1,362,000 after buying an additional 3,024 shares in the last quarter. Bank of Montreal Can raised its position in shares of Delta Air Lines by 14.1% during the 3rd quarter. Bank of Montreal Can now owns 978,434 shares of the transportation company’s stock valued at $56,582,000 after buying an additional 120,676 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $2,620,000. Finally, Tealwood Asset Management Inc. purchased a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $3,796,000. 89.33% of the stock is owned by institutional investors.

In related news, Director Francis S. Blake bought 5,185 shares of the company’s stock in a transaction dated Monday, January 28th. The shares were acquired at an average price of $48.17 per share, for a total transaction of $249,761.45. Following the completion of the transaction, the director now directly owns 47,885 shares in the company, valued at $2,306,620.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George N. Mattson bought 4,000 shares of the company’s stock in a transaction dated Thursday, December 20th. The stock was bought at an average price of $50.91 per share, for a total transaction of $203,640.00. Following the transaction, the director now owns 72,530 shares of the company’s stock, valued at $3,692,502.30. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 13,185 shares of company stock worth $664,881. 0.33% of the stock is owned by company insiders.

Several analysts have recently issued reports on the stock. Imperial Capital upped their target price on shares of Delta Air Lines from $76.00 to $83.00 and gave the company an “outperform” rating in a research report on Tuesday, December 4th. Citigroup upped their target price on shares of Delta Air Lines from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, November 29th. Susquehanna Bancshares assumed coverage on shares of Delta Air Lines in a research report on Wednesday, November 28th. They set a “positive” rating and a $69.00 target price on the stock. Goldman Sachs Group assumed coverage on shares of Delta Air Lines in a research report on Monday, November 12th. They set a “neutral” rating and a $64.00 target price on the stock. Finally, Credit Suisse Group assumed coverage on shares of Delta Air Lines in a research report on Monday, November 19th. They set an “outperform” rating and a $71.00 target price on the stock. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $67.22.

DAL stock traded up $0.38 during midday trading on Monday, hitting $50.85. 100,033 shares of the stock traded hands, compared to its average volume of 7,869,360. The firm has a market cap of $34.60 billion, a PE ratio of 9.01, a P/E/G ratio of 0.58 and a beta of 1.11. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.28 and a current ratio of 0.35. Delta Air Lines, Inc. has a 1-year low of $45.08 and a 1-year high of $61.32.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Tuesday, January 15th. The transportation company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.03. The company had revenue of $10.74 billion for the quarter, compared to analyst estimates of $10.71 billion. Delta Air Lines had a net margin of 8.78% and a return on equity of 29.43%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share. Research analysts predict that Delta Air Lines, Inc. will post 6.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.75%. Delta Air Lines’s dividend payout ratio is presently 24.78%.

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About Delta Air Lines

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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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