Lifeworks Advisors LLC Trims Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Lifeworks Advisors LLC cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,090 shares of the transportation company’s stock after selling 746 shares during the quarter. Lifeworks Advisors LLC’s holdings in Delta Air Lines were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Pzena Investment Management LLC bought a new stake in Delta Air Lines during the third quarter worth about $281,206,000. Castle Hook Partners LP bought a new position in Delta Air Lines during the 3rd quarter worth approximately $189,296,000. Raymond James Financial Inc. bought a new position in shares of Delta Air Lines in the fourth quarter worth approximately $64,577,000. Sanders Capital LLC increased its stake in shares of Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after buying an additional 749,099 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Delta Air Lines by 325.7% during the fourth quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company’s stock valued at $35,865,000 after acquiring an additional 453,547 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Price Performance

DAL opened at $53.18 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The firm has a market capitalization of $34.38 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The business’s 50-day moving average is $63.68 and its two-hundred day moving average is $57.76.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping 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 30.41%. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the prior year, the company earned $1.28 EPS. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts anticipate that Delta Air Lines, Inc. will post 7.63 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, March 20th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

Wall Street Analyst Weigh In

DAL has been the subject of a number of research reports. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Citigroup lifted their price target on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. TD Cowen raised their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, Barclays increased their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $78.22.

Insider Activity

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

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.