Center for Financial Planning Inc. raised its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 5,021.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,017 shares of the transportation company's stock after purchasing an additional 6,880 shares during the period. Center for Financial Planning Inc.'s holdings in Delta Air Lines were worth $425,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of DAL. Crossmark Global Holdings Inc. raised its position in Delta Air Lines by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company's stock worth $13,644,000 after purchasing an additional 13,802 shares in the last quarter. KBC Group NV lifted its holdings in Delta Air Lines by 143.7% during the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company's stock valued at $2,876,000 after purchasing an additional 33,378 shares during the last quarter. Olstein Capital Management L.P. boosted its position in Delta Air Lines by 32.6% in the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company's stock valued at $8,888,000 after buying an additional 43,000 shares in the last quarter. Donoghue Forlines LLC bought a new stake in Delta Air Lines during the fourth quarter worth about $2,036,000. Finally, River Road Asset Management LLC increased its holdings in shares of Delta Air Lines by 22.8% during the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company's stock worth $6,634,000 after buying an additional 24,249 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Delta Air Lines
In other news, SVP William C. Carroll sold 8,400 shares of the company'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 sale, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. This represents a 29.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Rahul D. Samant sold 38,023 shares of the business's 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 transaction, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 in the last three months. Insiders own 0.96% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on DAL. The Goldman Sachs Group restated a "buy" rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. UBS Group restated a "buy" rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Barclays boosted their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Citigroup raised their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group raised their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Fourteen investment 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, Delta Air Lines has a consensus rating of "Buy" and an average price target of $78.22.
Get Our Latest Stock Report on Delta Air Lines
Delta Air Lines Stock Up 1.1 %
DAL traded up $0.70 during trading on Wednesday, reaching $65.04. The company had a trading volume of 7,613,276 shares, compared to its average volume of 8,158,825. The business's fifty day moving average price is $64.23 and its 200 day moving average price is $56.05. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The company has a market cap of $42.05 billion, a P/E ratio of 12.20, a PEG ratio of 0.77 and a beta of 1.36.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share 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 analysts' expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines's revenue for the quarter 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. Equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.
Delta Air Lines Dividend Announcement
The firm also recently declared 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 of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.92%. Delta Air Lines's payout ratio is currently 11.26%.
About Delta Air Lines
(
Free Report)
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.
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