Sequoia Financial Advisors LLC Has $612,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

Sequoia Financial Advisors LLC boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 45.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,224 shares of the transportation company’s stock after purchasing an additional 4,789 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Delta Air Lines were worth $612,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in Delta Air Lines by 10.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,817 shares of the transportation company’s stock valued at $134,000 after buying an additional 258 shares during the period. Forum Financial Management LP increased its holdings in Delta Air Lines by 3.5% in the 1st quarter. Forum Financial Management LP now owns 8,675 shares of the transportation company’s stock valued at $343,000 after buying an additional 292 shares during the period. Navalign LLC increased its holdings in Delta Air Lines by 1.7% in the 4th quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock valued at $700,000 after buying an additional 293 shares during the period. Utah Retirement Systems increased its holdings in Delta Air Lines by 0.6% in the 4th quarter. Utah Retirement Systems now owns 54,325 shares of the transportation company’s stock valued at $1,785,000 after buying an additional 300 shares during the period. Finally, Summit X LLC increased its holdings in Delta Air Lines by 1.1% in the 3rd quarter. Summit X LLC now owns 28,205 shares of the transportation company’s stock valued at $1,044,000 after buying an additional 307 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Down 0.2 %

Shares of NYSE DAL opened at $46.55 on Wednesday. The company has a market capitalization of $30.04 billion, a P/E ratio of 5.98, a price-to-earnings-growth ratio of 0.70 and a beta of 1.43. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $49.81. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The company’s 50 day moving average price is $43.71 and its 200-day moving average price is $39.52.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the previous year, the company earned $0.25 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.86%. Delta Air Lines’s payout ratio is presently 5.14%.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on DAL shares. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Susquehanna lifted their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. UBS Group assumed coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Finally, TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $58.29.

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.