Nebula Research & Development LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 160.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,289 shares of the transportation company's stock after purchasing an additional 20,517 shares during the quarter. Nebula Research & Development LLC's holdings in Delta Air Lines were worth $2,014,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of DAL. WASHINGTON TRUST Co boosted its stake in shares of Delta Air Lines by 7.5% in the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock valued at $130,000 after purchasing an additional 150 shares during the last quarter. Hemington Wealth Management boosted its stake in 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 acquiring an additional 154 shares during the last quarter. HighPoint Advisor Group LLC grew its holdings in Delta Air Lines by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock worth $554,000 after acquiring an additional 155 shares during the period. Mason & Associates Inc raised its position in shares of 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 acquiring an additional 160 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in shares of 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 purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.
Insider Activity at Delta Air Lines
In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the business'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 transaction, the senior vice president now owns 10,016 shares of the company's stock, valued at $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rahul D. Samant sold 17,970 shares of the firm'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 value of $1,241,367.60. Following the completion of the sale, the executive vice president now directly owns 35,889 shares of the company's stock, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,776 shares of company stock valued at $4,155,951. 0.96% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research firms recently commented on DAL. UBS Group downgraded Delta Air Lines from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $77.00 to $42.00 in a report on Monday, April 7th. Raymond James cut their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. Bank of America decreased their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. The Goldman Sachs Group cut their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Citigroup decreased 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 report on Tuesday, March 18th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.06.
View Our Latest Stock Report on Delta Air Lines
Delta Air Lines Trading Down 0.9 %
NYSE DAL opened at $41.64 on Friday. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The stock's 50 day moving average price is $47.30 and its two-hundred day moving average price is $57.01. The stock has a market capitalization of $27.19 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.75 and a beta of 1.23.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate 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 business had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's payout ratio is presently 10.64%.
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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