Mirabella Financial Services LLP purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 201,940 shares of the transportation company's stock, valued at approximately $12,218,000. Delta Air Lines accounts for about 1.1% of Mirabella Financial Services LLP's portfolio, making the stock its 20th biggest position.
Other institutional investors and hedge funds also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines in the fourth quarter worth approximately $27,000. Hemington Wealth Management lifted its holdings in shares of Delta Air Lines by 48.1% in 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 during the period. Roxbury Financial LLC bought a new position in Delta Air Lines during the fourth quarter valued at about $29,000. Crews Bank & Trust acquired a new position in Delta Air Lines during the fourth quarter worth about $30,000. Finally, Modus Advisors LLC bought a new stake in Delta Air Lines in the fourth quarter worth about $33,000. Institutional investors own 69.93% of the company's stock.
Insider Transactions at Delta Air Lines
In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business's 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 of the company's stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 154,486 shares of company stock valued at $10,561,895 in the last three months. Corporate insiders own 0.96% of the company's stock.
Delta Air Lines Trading Up 0.5 %
NYSE:DAL opened at $40.81 on Friday. The stock's 50-day moving average is $49.72 and its two-hundred day moving average is $57.35. 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 has a market cap of $26.65 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.47%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's payout ratio is currently 10.64%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Susquehanna reduced their price objective on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research report on Monday, April 7th. Barclays decreased their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Raymond James cut their price objective on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group reduced their price objective on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, TD Cowen boosted their target price on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $61.06.
Check Out Our Latest Report on Delta Air Lines
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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