GWN Securities Inc. Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

GWN Securities Inc. acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,345 shares of the transportation company's stock, valued at approximately $421,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WASHINGTON TRUST Co increased its stake in Delta Air Lines by 7.5% in the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock worth $130,000 after purchasing an additional 150 shares during the period. Hemington Wealth Management increased its stake in Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after buying an additional 154 shares during the period. Mason & Associates Inc lifted its holdings in Delta Air Lines by 3.2% during the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company's stock valued at $308,000 after buying an additional 160 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Delta Air Lines by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock valued at $865,000 after buying an additional 173 shares during the period. Finally, Armstrong Advisory Group Inc. boosted its position in Delta Air Lines by 10.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company's stock valued at $110,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 69.93% of the company's stock.

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Delta Air Lines Stock Down 1.7 %

Shares of Delta Air Lines stock traded down $0.83 on Thursday, reaching $46.92. The stock had a trading volume of 6,809,555 shares, compared to its average volume of 10,035,848. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company has a 50 day moving average price of $61.50 and a 200 day moving average price of $58.07. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $30.33 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the company earned $1.28 earnings per share. The business's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast 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. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Barclays decreased their target price 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. TD Cowen increased their price target 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 cut their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Fourteen equities research 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.com, the company currently has an average rating of "Buy" and a consensus target price of $76.29.

Insiders Place Their Bets

In related news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred on 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 directly owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rahul D. Samant sold 17,970 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the transaction, the executive vice president now owns 35,889 shares in the company, valued at $2,479,212.12. The trade was a 33.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by corporate insiders.

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.