SVB Wealth LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 34,518 shares of the transportation company's stock, valued at approximately $2,088,000.
Other hedge funds have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth about $27,000. Roxbury Financial LLC acquired a new position in Delta Air Lines during the fourth quarter worth about $29,000. Hemington Wealth Management grew its holdings in Delta Air Lines by 48.1% during the fourth 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. Crews Bank & Trust acquired a new position in Delta Air Lines during the fourth quarter worth about $30,000. Finally, Modus Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth about $33,000. 69.93% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE DAL opened at $60.09 on Monday. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The firm has a market capitalization of $38.85 billion, a PE ratio of 11.27, a PEG ratio of 0.75 and a beta of 1.36. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $64.33 and a two-hundred day moving average price of $57.34.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period last year, the company posted $1.28 EPS. The business's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Delta Air Lines's dividend payout ratio is 11.26%.
In other news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated 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 in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction dated 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 sale, the executive vice president now owns 35,889 shares of the company's stock, valued at approximately $2,479,212.12. This represents a 33.36 % 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. 0.96% of the stock is owned by insiders.
A number of research firms recently issued reports on DAL. Jefferies Financial Group lifted their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Susquehanna increased their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, January 7th. Citigroup increased their price target 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. TD Cowen increased their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $78.22.
View Our Latest Stock Report on 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.
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