Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Lifted by Financial Perspectives Inc

Financial Perspectives Inc increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 10.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,408 shares of the transportation company’s stock after acquiring an additional 516 shares during the quarter. Financial Perspectives Inc’s holdings in Delta Air Lines were worth $218,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Navalign LLC increased its holdings in Delta Air Lines by 1.7% during the fourth quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock worth $700,000 after buying an additional 293 shares during the last quarter. Summit X LLC increased its holdings in Delta Air Lines by 1.1% in the third quarter. Summit X LLC now owns 28,205 shares of the transportation company’s stock valued at $1,044,000 after purchasing an additional 307 shares during the period. Moisand Fitzgerald Tamayo LLC boosted its position in Delta Air Lines by 55.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 311 shares during the last quarter. Investment Research & Advisory Group Inc. grew its position in shares of Delta Air Lines by 0.9% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 34,868 shares of the transportation company’s stock worth $1,290,000 after buying an additional 315 shares during the period. Finally, Chesley Taft & Associates LLC grew its stake in shares of Delta Air Lines by 2.4% in the 4th quarter. Chesley Taft & Associates LLC now owns 13,922 shares of the transportation company’s stock valued at $560,000 after buying an additional 332 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the sale, the chief executive officer now directly owns 428,768 shares in the company, valued at $16,807,705.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

Delta Air Lines Stock Up 0.4 %

Shares of NYSE DAL traded up $0.22 during trading on Tuesday, reaching $49.24. 10,666,233 shares of the stock were exchanged, compared to its average volume of 10,868,651. The business’s 50-day moving average price is $44.33 and its 200 day moving average price is $39.86. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $31.78 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $49.81.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same period in the prior year, the firm earned $0.25 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is 5.14%.

Analysts Set New Price Targets

A number of research firms have weighed in on DAL. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Bank of America upped their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. UBS Group initiated coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price on the stock. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $58.29.

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 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.