16,505 Shares in Delta Air Lines, Inc. (NYSE:DAL) Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,505 shares of the transportation company's stock, valued at approximately $999,000.

A number of other large investors also recently made changes to their positions in the stock. New Wave Wealth Advisors LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at $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 worth $28,000 after purchasing an additional 154 shares in the last quarter. Roxbury Financial LLC bought a new position in Delta Air Lines during the 4th quarter worth about $29,000. Crews Bank & Trust bought a new position in Delta Air Lines during the 4th quarter worth about $30,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Stock Down 6.0 %

NYSE DAL traded down $3.79 during trading hours on Friday, hitting $59.96. The company's stock had a trading volume of 6,622,509 shares, compared to its average volume of 8,117,492. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The company has a market capitalization of $38.76 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.76 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. The company's 50-day simple moving average is $64.31 and its two-hundred day simple moving average is $56.16.

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

Delta Air Lines Announces Dividend

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 of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.00%. Delta Air Lines's dividend payout ratio (DPR) is 11.26%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares of the company's stock, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,886 shares of company stock worth $11,116,463. Insiders own 0.96% of the company's stock.

Analyst Ratings Changes

DAL has been the subject of several analyst reports. The Goldman Sachs Group restated a "buy" rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. TD Cowen raised their price objective on Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a report on Monday, January 13th. StockNews.com upgraded Delta Air Lines from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. UBS Group restated a "buy" rating and issued a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. Finally, Susquehanna raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, January 7th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $78.22.

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.