Vanguard Capital Wealth Advisors purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,561 shares of the transportation company’s stock, valued at approximately $423,000.
Other hedge funds have also added to or reduced their stakes in the company. Baker Ellis Asset Management LLC purchased a new stake in Delta Air Lines in the 4th quarter valued at $106,000. SeaCrest Wealth Management LLC purchased a new position in Delta Air Lines during the 4th quarter worth $121,000. Global Trust Asset Management LLC purchased a new position in Delta Air Lines during the 4th quarter worth $185,000. Harel Insurance Investments & Financial Services Ltd. raised its position in Delta Air Lines by 233.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock worth $196,000 after buying an additional 2,450 shares during the last quarter. Finally, Nadler Financial Group Inc. purchased a new position in Delta Air Lines during the 4th quarter worth $202,000. Hedge funds and other institutional investors own 87.57% of the company’s stock.
A number of equities analysts have commented on DAL shares. Cowen upped their price objective on shares of Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Vetr upgraded shares of Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price objective for the company in a research report on Wednesday, January 3rd. Imperial Capital restated an “outperform” rating and set a $65.00 price objective (up previously from $63.00) on shares of Delta Air Lines in a research report on Friday, January 12th. Stephens set a $67.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Monday, December 18th. Finally, ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Delta Air Lines presently has an average rating of “Buy” and an average price target of $67.05.
In related news, Director George N. Mattson purchased 10,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were acquired at an average cost of $51.89 per share, with a total value of $518,900.00. Following the purchase, the director now directly owns 66,510 shares in the company, valued at approximately $3,451,203.90. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 73,211 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $56.04, for a total transaction of $4,102,744.44. Following the transaction, the chief executive officer now directly owns 338,719 shares in the company, valued at $18,981,812.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 237,461 shares of company stock worth $13,720,745. Corporate insiders own 0.37% of the company’s stock.
Delta Air Lines stock opened at $56.44 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42. Delta Air Lines, Inc. has a 12 month low of $43.81 and a 12 month high of $60.79. The firm has a market cap of $40,074.91, a price-to-earnings ratio of 11.35 and a beta of 1.16.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.27%. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. research analysts predict that Delta Air Lines, Inc. will post 6.32 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.305 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.16%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.70%.
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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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