Metis Global Partners LLC Sells 3,712 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Metis Global Partners LLC lowered its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,451 shares of the transportation company’s stock after selling 3,712 shares during the quarter. Metis Global Partners LLC’s holdings in Delta Air Lines were worth $1,237,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter worth about $27,000. Hemington Wealth Management grew its position in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter worth about $29,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines during the fourth quarter worth about $30,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines during the third quarter worth about $31,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $58.36 on Tuesday. The stock has a market cap of $37.73 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. 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 stock has a 50 day moving average price of $64.26 and a 200-day moving average price of $57.47. 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 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. Equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. 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

Several analysts recently issued reports on the company. Barclays increased 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. 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. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. UBS Group restated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. Finally, StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $78.22.

Insider Buying and Selling

In related news, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 of the company’s stock, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 162,886 shares of company stock valued at $11,116,463. Insiders own 0.96% of the company’s stock.

Delta Air Lines Company 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.