New Age Alpha Advisors LLC Buys Shares of 105,025 Delta Air Lines, Inc. (NYSE:DAL)

New Age Alpha Advisors LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 105,025 shares of the transportation company's stock, valued at approximately $6,354,000.

Several other institutional investors also recently modified their holdings of DAL. Boston Partners bought a new position in Delta Air Lines during the fourth quarter worth about $328,398,000. Castle Hook Partners LP bought a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $189,296,000. Norges Bank acquired a new stake in Delta Air Lines in the 4th quarter valued at $152,342,000. Raymond James Financial Inc. bought a new stake in Delta Air Lines in the fourth quarter valued at $64,577,000. Finally, Vanguard Group Inc. raised its stake in Delta Air Lines by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock worth $4,380,820,000 after acquiring an additional 456,465 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analyst Weigh In

DAL has been the topic of several analyst reports. Susquehanna upped their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a report on Tuesday. StockNews.com downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. UBS Group dropped their price target on Delta Air Lines from $90.00 to $77.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Finally, TD Cowen increased their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Delta Air Lines currently has an average rating of "Moderate Buy" and a consensus price target of $74.29.

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Delta Air Lines Price Performance

Shares of Delta Air Lines stock traded down $1.72 during midday trading on Tuesday, hitting $41.88. 7,367,360 shares of the company traded hands, compared to its average volume of 9,076,858. The firm's fifty day moving average price is $58.50 and its 200-day moving average price is $58.38. The stock has a market cap of $27.07 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98.

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

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.43%. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

Insider Activity

In other news, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction 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 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. This trade represents a 17.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the business's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 in the last three months. Company insiders own 0.96% of the company's stock.

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.