EULAV Asset Management Sells 7,938 Shares of Delta Air Lines, Inc. $DAL

EULAV Asset Management reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,062 shares of the transportation company’s stock after selling 7,938 shares during the quarter. EULAV Asset Management’s holdings in Delta Air Lines were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. Brighton Jones LLC raised its holdings in Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after purchasing an additional 2,302 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Delta Air Lines during the 1st quarter worth about $178,000. Sivia Capital Partners LLC bought a new stake in Delta Air Lines during the 2nd quarter worth about $555,000. Marshall Wace LLP raised its holdings in Delta Air Lines by 102.2% during the 2nd quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock worth $385,000 after purchasing an additional 357,825 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Delta Air Lines by 10.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock worth $2,859,000 after purchasing an additional 5,564 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $79.55 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. The stock has a market cap of $52.26 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.12 and a beta of 1.30. The stock has a 50-day moving average of $71.58 and a 200-day moving average of $68.72. Delta Air Lines, Inc. has a one year low of $45.28 and a one year high of $83.83.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company 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%.Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 5.37 earnings per share for the current year.

Delta Air Lines Announces Dividend

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

Insider Activity at Delta Air Lines

In related news, EVP Allison C. Ausband sold 9,710 shares of the business’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 directly owned 138,854 shares in the company, valued at approximately $10,552,904. The trade was a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on DAL shares. Weiss Ratings cut Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Bank of America dropped their price objective on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Raymond James Financial upped their price target on 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. Morgan Stanley upped their price target on Delta Air Lines from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Wells Fargo & Company lowered their price target on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $80.85.

Delta Air Lines Company 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.