Nkcfo LLC Acquires Shares of 4,000 Delta Air Lines, Inc. (NYSE:DAL)

Nkcfo LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,000 shares of the transportation company's stock, valued at approximately $242,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines in the fourth quarter worth approximately $27,000. Hemington Wealth Management grew 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 worth $28,000 after purchasing an additional 154 shares in the last quarter. Roxbury Financial LLC bought a new position in Delta Air Lines in the fourth quarter worth approximately $29,000. Crews Bank & Trust bought a new position in Delta Air Lines in the fourth quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the third quarter worth approximately $31,000. Institutional investors own 69.93% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. The Goldman Sachs Group reissued a "buy" rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Citigroup increased their target price on Delta Air Lines from $65.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. UBS Group reaffirmed a "buy" rating and set a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Barclays increased their target price on Delta Air Lines from $60.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $78.22.

Insider Buying and Selling

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP William C. Carroll sold 6,783 shares of Delta Air Lines stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock worth $11,116,463 in the last 90 days. Insiders own 0.96% of the company's stock.

Delta Air Lines Stock Performance

DAL stock traded up $0.70 during midday trading on Wednesday, reaching $65.04. The stock had a trading volume of 7,613,276 shares, compared to its average volume of 8,158,825. The stock has a market cap of $42.05 billion, a PE ratio of 12.20, a P/E/G ratio of 0.77 and a beta of 1.36. 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 firm has a fifty day simple moving average of $64.23 and a two-hundred day simple moving average of $56.05. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

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

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. Delta Air Lines's dividend payout ratio (DPR) is 11.26%.

Delta Air Lines 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.