Element Capital Management LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 496,721 shares of the transportation company’s stock, valued at approximately $27,816,000. Element Capital Management LLC owned 0.07% of Delta Air Lines at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baker Ellis Asset Management LLC acquired a new position in Delta Air Lines in the 4th quarter worth about $106,000. SeaCrest Wealth Management LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $121,000. Global Trust Asset Management LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $185,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Delta Air Lines by 233.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock valued at $196,000 after acquiring an additional 2,450 shares during the last quarter. Finally, Nadler Financial Group Inc. acquired a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $202,000. 90.05% of the stock is owned by institutional investors.
A number of equities analysts have commented on the company. Stifel Nicolaus increased their target price on Delta Air Lines to $90.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Vetr raised Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $66.79 target price for the company in a report on Tuesday, February 27th. Morgan Stanley reduced their target price on Delta Air Lines from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Friday, February 23rd. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Thursday, February 8th. Finally, Imperial Capital reissued an “outperform” rating and set a $65.00 target price (up previously from $63.00) on shares of Delta Air Lines in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $67.05.
Delta Air Lines, Inc. (NYSE DAL) opened at $56.40 on Friday. Delta Air Lines, Inc. has a 52-week low of $43.81 and a 52-week high of $60.79. The firm has a market capitalization of $39,693.18, a P/E ratio of 11.40, a P/E/G ratio of 0.75 and a beta of 1.16. 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 (NYSE:DAL) last released its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business posted $0.82 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. analysts anticipate that Delta Air Lines, Inc. will post 6.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given 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 2.16%. Delta Air Lines’s dividend payout ratio is currently 24.70%.
In other news, Director George N. Mattson purchased 10,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $51.89 per share, for a total transaction of $518,900.00. Following the completion of the transaction, the director now directly owns 66,510 shares in the company, valued at approximately $3,451,203.90. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Joanne D. Smith sold 894 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $56.50, for a total value of $50,511.00. Following the transaction, the executive vice president now owns 72,393 shares of the company’s stock, valued at $4,090,204.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 249,138 shares of company stock valued at $14,375,643. Company insiders own 0.37% of the company’s stock.
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About Delta Air Lines
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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