Sunpointe LLC Buys New Position in Delta Air Lines, Inc. (NYSE:DAL)

Sunpointe LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,890 shares of the transportation company's stock, valued at approximately $417,000.

Other institutional investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new stake in Delta Air Lines in the fourth quarter valued at approximately $27,000. Hemington Wealth Management grew its holdings in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after purchasing an additional 154 shares during the period. Roxbury Financial LLC purchased a new stake in Delta Air Lines in the fourth quarter valued at approximately $29,000. Crews Bank & Trust purchased a new stake in Delta Air Lines in the fourth quarter valued at approximately $30,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Delta Air Lines in the third quarter valued at approximately $31,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of recent analyst reports. Citigroup boosted their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. StockNews.com upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. TD Cowen boosted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, UBS Group reiterated a "buy" rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $78.22.

Delta Air Lines Stock Down 6.1 %

Shares of DAL stock traded down $3.87 on Friday, hitting $59.88. The stock had a trading volume of 12,789,636 shares, compared to its average volume of 8,309,664. The firm has a market capitalization of $38.71 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.76 and a beta of 1.36. The stock's 50 day moving average is $64.31 and its 200-day moving average is $56.16. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. As a group, research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.00%. Delta Air Lines's dividend payout ratio is presently 11.26%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares of the company's stock, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 over the last ninety days. Corporate insiders own 0.96% of the company's stock.

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.