LPL Financial LLC Has $35.35 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

LPL Financial LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 584,285 shares of the transportation company's stock after buying an additional 86,903 shares during the quarter. LPL Financial LLC owned 0.09% of Delta Air Lines worth $35,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Donoghue Forlines LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $2,036,000. Geode Capital Management LLC lifted its stake in shares of Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company's stock valued at $789,452,000 after purchasing an additional 416,338 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at $3,593,000. Bridgewater Associates LP boosted its holdings in Delta Air Lines by 31.2% in the third quarter. Bridgewater Associates LP now owns 232,401 shares of the transportation company's stock worth $11,804,000 after purchasing an additional 55,318 shares in the last quarter. Finally, Global Financial Private Client LLC increased its position in Delta Air Lines by 562.0% during the fourth quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company's stock worth $681,000 after buying an additional 9,559 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays reduced their price target 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 raised their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Jefferies Financial Group restated a "hold" rating and set a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a report on Tuesday. Citigroup cut their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of "Buy" and a consensus target price of $73.41.

Insider Activity at Delta Air Lines

In other news, EVP Rahul D. Samant sold 17,970 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the transaction, the executive vice president now directly owns 35,889 shares in the company, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 over the last ninety days. Company insiders own 0.96% of the company's stock.

Delta Air Lines Price Performance

Shares of DAL stock traded up $0.58 during trading hours on Wednesday, hitting $43.00. 2,662,853 shares of the company's stock were exchanged, compared to its average volume of 9,059,089. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The stock has a market cap of $27.80 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The stock's 50-day moving average is $57.98 and its 200-day moving average is $58.36.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results 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 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%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.28 EPS. As a group, 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 was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is 11.26%.

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.