20,000 Shares in Delta Air Lines (DAL) Purchased by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. acquired a new stake in shares of Delta Air Lines (NYSE:DAL) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the transportation company’s stock, valued at approximately $1,096,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Telemus Capital LLC increased its stake in shares of Delta Air Lines by 16.3% during the 4th quarter. Telemus Capital LLC now owns 6,545 shares of the transportation company’s stock valued at $367,000 after acquiring an additional 917 shares during the last quarter. Laurel Wealth Advisors Inc. increased its stake in shares of Delta Air Lines by 15.9% during the 4th quarter. Laurel Wealth Advisors Inc. now owns 7,300 shares of the transportation company’s stock valued at $408,000 after acquiring an additional 999 shares during the last quarter. Vantage Financial Partners Ltd. Inc. increased its stake in shares of Delta Air Lines by 23.8% during the 4th quarter. Vantage Financial Partners Ltd. Inc. now owns 5,200 shares of the transportation company’s stock valued at $289,000 after acquiring an additional 1,000 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Delta Air Lines by 4.4% during the 4th quarter. Stephens Inc. AR now owns 24,390 shares of the transportation company’s stock worth $1,366,000 after purchasing an additional 1,039 shares during the period. Finally, Westside Investment Management Inc. grew its holdings in shares of Delta Air Lines by 5.8% during the 4th quarter. Westside Investment Management Inc. now owns 19,095 shares of the transportation company’s stock worth $1,044,000 after purchasing an additional 1,050 shares during the period. 86.37% of the stock is owned by institutional investors.

DAL has been the subject of a number of research reports. Stephens set a $71.00 target price on Delta Air Lines and gave the stock a “buy” rating in a report on Thursday, March 29th. Morgan Stanley decreased their target price on Delta Air Lines from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, April 12th. Zacks Investment Research upgraded 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. ValuEngine cut Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Stifel Nicolaus boosted their target price on Delta Air Lines to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $68.24.

NYSE DAL opened at $55.87 on Friday. The company has a market capitalization of $38.16 billion, a price-to-earnings ratio of 11.33 and a beta of 1.09. Delta Air Lines has a fifty-two week low of $44.59 and a fifty-two week high of $60.79. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.39 and a quick ratio of 0.33.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. The firm had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Delta Air Lines had a return on equity of 26.19% and a net margin of 8.37%. Delta Air Lines’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS. sell-side analysts forecast that Delta Air Lines will post 6.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 11th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Thursday, May 10th. Delta Air Lines’s dividend payout ratio is presently 24.75%.

In other Delta Air Lines news, CEO Edward H. Bastian sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $55.34, for a total value of $1,383,500.00. Following the completion of the transaction, the chief executive officer now owns 301,943 shares in the company, valued at approximately $16,709,525.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO W Gilbert West sold 17,250 shares of the stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $55.00, for a total value of $948,750.00. Following the transaction, the chief operating officer now owns 119,447 shares of the company’s stock, valued at $6,569,585. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

About Delta Air Lines

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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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

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