Constant Guidance Financial LLC Buys Shares of 7,470 Delta Air Lines, Inc. (NYSE:DAL)

Constant Guidance Financial LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,470 shares of the transportation company's stock, valued at approximately $452,000.

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines in the fourth quarter valued at about $27,000. Hemington Wealth Management raised its position 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 last quarter. Crews Bank & Trust bought a new position in Delta Air Lines in the fourth quarter valued at about $30,000. Modus Advisors LLC bought a new position in Delta Air Lines in the fourth quarter valued at about $33,000. Finally, Harbor Investment Advisory LLC raised its position in Delta Air Lines by 217.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company's stock valued at $34,000 after purchasing an additional 380 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the company. The Goldman Sachs Group reiterated a "buy" rating and issued a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. TD Cowen raised their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Citigroup raised their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, UBS Group restated a "buy" rating and set a $88.00 price objective on shares of Delta Air Lines in a research report on Tuesday, November 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $78.22.

Delta Air Lines Trading Up 1.1 %

NYSE DAL traded up $0.70 during trading hours on Wednesday, hitting $65.04. 7,613,276 shares of the company's stock were exchanged, compared to its average volume of 8,158,825. The stock has a 50-day simple moving average of $64.23 and a 200 day simple moving average of $56.05. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The firm has a market cap of $42.05 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.77 and a beta of 1.36. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion during the quarter, compared to analysts' expectations of $14.20 billion. During the same quarter last year, the firm posted $1.28 earnings per share. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

Insider Activity at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the sale, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now 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 a total of 162,886 shares of company stock valued at $11,116,463 over the last 90 days. Insiders own 0.96% of the company's stock.

Delta Air Lines 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.