Global Wealth Management Investment Advisory Inc. Trims Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Global Wealth Management Investment Advisory Inc. cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,383 shares of the transportation company’s stock after selling 4,628 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Delta Air Lines were worth $1,899,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines during the 4th quarter worth $27,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the fourth quarter worth about $30,000. Ashton Thomas Securities LLC purchased a new position in shares of Delta Air Lines during the third quarter worth about $31,000. Modus Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at about $33,000. Finally, Harbor Investment Advisory LLC raised its stake in Delta Air Lines by 217.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 380 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DAL has been the topic of several recent research reports. Citigroup boosted their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. UBS Group reiterated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Barclays boosted their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, TD Cowen raised their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $78.22.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the sale, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,863 shares of company stock worth $8,649,150. 0.96% of the stock is owned by company insiders.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $68.14 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The business’s fifty day moving average price is $64.01 and its two-hundred day moving average price is $54.85. The stock has a market cap of $43.97 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.88%. Delta Air Lines’s payout ratio is currently 11.26%.

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 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.