Argent Trust Co Sells 3,068 Shares of Delta Air Lines, Inc. (NYSE:DAL)

11 Apr 2025, 12:28 by Jessica Moore · The Cerbat Gem

Argent Trust Co lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,981 shares of the transportation company’s stock after selling 3,068 shares during the quarter. Argent Trust Co’s holdings in Delta Air Lines were worth $1,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new position in shares of Delta Air Lines during the 4th quarter valued at about $27,000. Hemington Wealth Management grew its position in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Delta Air Lines during the fourth quarter worth approximately $29,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $30,000. Finally, Modus Advisors LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at $33,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

Shares of DAL opened at $39.34 on Friday. The company has a 50-day simple moving average of $52.94 and a two-hundred day simple moving average of $57.75. 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 $25.43 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98.

Delta Air Lines (NYSE:DAL – Get Free Report) last released its earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to analysts’ expectations of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. On average, analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Delta Air Lines’s payout ratio is 11.26%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Bank of America lowered their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Susquehanna dropped their target price on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a report on Monday. UBS Group cut Delta Air Lines from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $77.00 to $42.00 in a research note on Monday. Dbs Bank lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Barclays decreased their target price on shares of Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.77.

Read Our Latest Report on Delta Air Lines

Insider Activity at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the sale, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines 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 transaction, the senior vice president now owns 19,756 shares of the company’s stock, 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 sold a total of 162,886 shares of company stock valued at $11,116,463 in the last three months. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Profile

(Free Report)

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.