Moran Wealth Management LLC Invests $5.05 Million in Delta Air Lines, Inc. (NYSE:DAL)

Moran Wealth Management LLC purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 83,518 shares of the transportation company's stock, valued at approximately $5,053,000.

Other institutional investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC purchased a new stake in Delta Air Lines during the fourth quarter valued at about $27,000. Roxbury Financial LLC purchased a new stake in Delta Air Lines during the fourth quarter valued at about $29,000. Hemington Wealth Management grew its position in 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 acquiring an additional 154 shares during the period. Crews Bank & Trust purchased a new stake in Delta Air Lines during the fourth quarter valued at about $30,000. Finally, Modus Advisors LLC purchased a new stake in Delta Air Lines during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the company'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 sale, the chief executive officer now 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 quarter. 0.96% of the stock is owned by corporate insiders.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DAL shares. Barclays lowered 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. UBS Group decreased their target price on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a research report on Tuesday. TD Cowen upped their target price 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 upped their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $76.60.

Delta Air Lines Stock Down 3.3 %

DAL traded down $1.48 on Thursday, reaching $43.83. The company's stock had a trading volume of 16,222,276 shares, compared to its average volume of 8,691,988. The stock has a market cap of $28.33 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. 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 business's 50 day moving average is $62.58 and its 200 day moving average is $57.80.

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

Delta Air Lines Dividend Announcement

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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, February 27th. Delta Air Lines's payout ratio is currently 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.