Fox Run Management L.L.C. Purchases Shares of 21,679 Delta Air Lines, Inc. (NYSE:DAL)

Fox Run Management L.L.C. purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 21,679 shares of the transportation company's stock, valued at approximately $1,312,000.

Other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new stake in Delta Air Lines during the fourth quarter worth $27,000. Hemington Wealth Management increased its holdings in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after acquiring an additional 154 shares in the last quarter. Roxbury Financial LLC acquired a new position in Delta Air Lines during the fourth quarter worth about $29,000. Crews Bank & Trust acquired a new position in Delta Air Lines during the fourth quarter worth about $30,000. Finally, Modus Advisors LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on DAL shares. UBS Group cut their price objective on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Citigroup cut their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Barclays dropped their price objective on Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Susquehanna boosted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. Finally, TD Cowen lifted their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $76.29.

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Delta Air Lines Stock Down 0.4 %

Shares of DAL stock traded down $0.22 during trading hours on Tuesday, hitting $48.67. 3,990,498 shares of the company were exchanged, compared to its average volume of 8,798,769. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The stock has a market capitalization of $31.46 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The business's 50-day simple moving average is $60.48 and its two-hundred day simple moving average is $58.29.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. Sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. Delta Air Lines's payout ratio is currently 11.26%.

Insider Activity

In related news, SVP William C. Carroll sold 8,400 shares of the business's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. The trade was a 29.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 162,886 shares of company stock valued at $11,116,463. Company insiders own 0.96% of the company's stock.

Delta Air Lines Company Profile

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.