Sterling Capital Management LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 119.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,002 shares of the transportation company's stock after purchasing an additional 29,439 shares during the period. Sterling Capital Management LLC's holdings in Delta Air Lines were worth $3,267,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the stock. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $27,000. Hemington Wealth Management lifted its position in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after acquiring an additional 154 shares during the period. Roxbury Financial LLC purchased a new stake in Delta Air Lines during the 4th quarter valued at about $29,000. Crews Bank & Trust acquired a new position in shares of Delta Air Lines in the fourth quarter valued at about $30,000. Finally, Modus Advisors LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 69.93% of the company's stock.
Insider Activity at Delta Air Lines
In related news, EVP Rahul D. Samant sold 38,023 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares of the company's stock, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,486 shares of company stock valued at $10,561,895. 0.96% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of brokerages recently commented on DAL. UBS Group lowered Delta Air Lines from a "buy" rating to a "neutral" rating and dropped their target price for the company from $77.00 to $42.00 in a research report on Monday, April 7th. Bank of America cut their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Jefferies Financial Group restated a "hold" rating and set a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Barclays cut their price target on 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. Finally, Susquehanna decreased their price objective on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.06.
Get Our Latest Analysis on DAL
Delta Air Lines Price Performance
Shares of DAL stock traded up $0.22 during trading hours on Friday, hitting $40.81. 8,109,884 shares of the company's stock were exchanged, compared to its average volume of 9,285,699. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The firm has a market cap of $26.38 billion, a P/E ratio of 7.66, a P/E/G ratio of 0.75 and a beta of 1.23. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $50.20 and a two-hundred day moving average of $57.35.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The business's revenue for the quarter was down 5.6% on a year-over-year basis. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.
Delta Air Lines Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's payout ratio is 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.
Featured Articles
Before you consider Delta Air Lines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delta Air Lines wasn't on the list.
While Delta Air Lines currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
