Schear Investment Advisers LLC Sells 1,202 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Schear Investment Advisers LLC lessened its stake in Delta Air Lines, Inc. (NYSE:DAL) by 4.9% in the fourth quarter, HoldingsChannel reports. The firm owned 23,373 shares of the transportation company’s stock after selling 1,202 shares during the period. Schear Investment Advisers LLC’s holdings in Delta Air Lines were worth $940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its stake in Delta Air Lines by 10.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,817 shares of the transportation company’s stock valued at $134,000 after acquiring an additional 258 shares during the period. Forum Financial Management LP grew its stake in Delta Air Lines by 3.5% in the first quarter. Forum Financial Management LP now owns 8,675 shares of the transportation company’s stock valued at $343,000 after acquiring an additional 292 shares during the period. Navalign LLC grew its stake in Delta Air Lines by 1.7% in the fourth quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock valued at $700,000 after acquiring an additional 293 shares during the period. Utah Retirement Systems grew its stake in Delta Air Lines by 0.6% in the fourth quarter. Utah Retirement Systems now owns 54,325 shares of the transportation company’s stock valued at $1,785,000 after acquiring an additional 300 shares during the period. Finally, Summit X LLC grew its stake in Delta Air Lines by 1.1% in the third quarter. Summit X LLC now owns 28,205 shares of the transportation company’s stock valued at $1,044,000 after acquiring an additional 307 shares during the period. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DAL shares. Morgan Stanley reissued an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Bank of America upped their price objective on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Susquehanna upped their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. Finally, TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average price target of $58.29.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the sale, the chief executive officer now owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.89% of the stock is currently owned by company insiders.

Delta Air Lines Price Performance

NYSE:DAL traded up $0.12 during trading hours on Friday, reaching $47.97. 5,687,690 shares of the company were exchanged, compared to its average volume of 10,831,819. The company has a market capitalization of $30.96 billion, a P/E ratio of 6.17, a P/E/G ratio of 0.71 and a beta of 1.43. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $49.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The business has a 50 day moving average of $44.02 and a 200 day moving average of $39.64.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. Research analysts forecast that Delta Air Lines, Inc. will post 6.52 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is currently 5.14%.

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.