Heritage Trust Co Invests $1.40 Million in Delta Air Lines, Inc. (NYSE:DAL)

Heritage Trust Co bought a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,201 shares of the transportation company's stock, valued at approximately $1,404,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $27,000. Roxbury Financial LLC acquired a new stake in Delta Air Lines during the fourth quarter valued at approximately $29,000. Hemington Wealth Management grew its holdings in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after buying an additional 154 shares in the last quarter. Crews Bank & Trust purchased a new position in Delta Air Lines in the fourth quarter valued at about $30,000. Finally, Modus Advisors LLC acquired a new position in shares of Delta Air Lines during the 4th quarter valued at about $33,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Trading Down 1.4 %

Shares of Delta Air Lines stock traded down $0.59 during midday trading on Monday, reaching $40.29. The company had a trading volume of 12,488,380 shares, compared to its average volume of 9,301,458. The stock has a fifty day moving average price of $52.37 and a 200 day moving average price of $57.73. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The firm has a market cap of $26.05 billion, a PE ratio of 7.56, a P/E/G ratio of 0.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

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Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same period last year, the company posted $0.45 EPS. The business's revenue was down 5.6% on a year-over-year basis. On average, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.49%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's payout ratio is 10.64%.

Insider Buying and Selling

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the business'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 transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $30,721,357.15. This 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 quarter. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DAL shares. Bank of America dropped their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Citigroup dropped their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Susquehanna cut their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a report on Monday, April 7th. UBS Group downgraded shares of Delta Air Lines from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $77.00 to $42.00 in a report on Monday, April 7th. Finally, Barclays reduced their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.06.

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.