Montag A & Associates Inc. Takes $3.78 Million Position in Delta Air Lines, Inc. (DAL)

Montag A & Associates Inc. bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 67,406 shares of the transportation company’s stock, valued at approximately $3,775,000.

Several other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC grew its holdings in shares of Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after buying an additional 75 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Delta Air Lines by 15.0% during the fourth quarter. Diversified Trust Co now owns 6,456 shares of the transportation company’s stock valued at $362,000 after buying an additional 844 shares in the last quarter. Liberty Capital Management Inc. grew its holdings in shares of Delta Air Lines by 3.3% during the fourth quarter. Liberty Capital Management Inc. now owns 27,947 shares of the transportation company’s stock valued at $1,672,000 after buying an additional 888 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management grew its holdings in shares of Delta Air Lines by 1.8% during the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 51,192 shares of the transportation company’s stock valued at $2,867,000 after buying an additional 916 shares in the last quarter. Finally, Telemus Capital LLC grew its holdings in shares of Delta Air Lines by 16.3% during the fourth quarter. Telemus Capital LLC now owns 6,545 shares of the transportation company’s stock valued at $367,000 after buying an additional 917 shares in the last quarter. 85.14% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on DAL. Stephens set a $67.00 price target on Delta Air Lines and gave the company a “buy” rating in a report on Monday, December 18th. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 price target (up previously from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Vetr downgraded Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target on the stock. in a report on Wednesday, November 29th. Finally, Cowen lifted their price target on Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, December 15th. Two analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $65.35.

In other news, COO W Gilbert West sold 9,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $56.06, for a total transaction of $504,540.00. Following the completion of the sale, the chief operating officer now owns 61,872 shares in the company, valued at approximately $3,468,544.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $52.79, for a total value of $1,055,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 363,447 shares of company stock valued at $20,591,693. 0.37% of the stock is currently owned by corporate insiders.

Delta Air Lines, Inc. (DAL) opened at $53.36 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $60.79. The company has a market capitalization of $37,217.20, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.70 and a beta of 1.14.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 EPS. equities research analysts forecast that Delta Air Lines, Inc. will post 6.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.305 per share. The ex-dividend date is Thursday, February 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.29%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.70%.

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Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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