Intellectus Partners LLC Sells 633 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Intellectus Partners LLC lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,254 shares of the transportation company’s stock after selling 633 shares during the quarter. Delta Air Lines makes up about 0.8% of Intellectus Partners LLC’s investment portfolio, making the stock its 26th largest position. Intellectus Partners LLC’s holdings in Delta Air Lines were worth $3,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines during the fourth quarter worth $27,000. Hemington Wealth Management lifted its holdings in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at about $29,000. Crews Bank & Trust bought a new stake in Delta Air Lines in the fourth quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in Delta Air Lines in the third quarter worth about $31,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $53.18 on Friday. The stock has a market capitalization of $34.38 billion, a P/E ratio of 9.98, a P/E/G ratio of 0.75 and a beta of 1.34. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The business has a 50-day moving average price of $63.68 and a two-hundred day moving average price of $57.63.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 earnings per share. Equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DAL shares. Susquehanna upped their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. UBS Group reiterated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. TD Cowen boosted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group increased their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $78.22.

Insider Buying and Selling

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the sale, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by company insiders.

Delta Air Lines 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.