Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12.8% in the fourth quarter, Holdings Channel reports. The firm owned 10,463 shares of the transportation company’s stock after buying an additional 1,189 shares during the period. NewEdge Wealth LLC’s holdings in Delta Air Lines were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DAL. Migdal Insurance & Financial Holdings Ltd. increased its stake in Delta Air Lines by 495.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock worth $25,000 after buying an additional 570 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in shares of Delta Air Lines during the fourth quarter worth approximately $28,000. Venturi Wealth Management LLC raised its stake in Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Moisand Fitzgerald Tamayo LLC lifted its holdings in Delta Air Lines by 55.2% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 311 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Delta Air Lines during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of recent research reports. Bank of America increased their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. UBS Group began coverage on Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price target for the company. Finally, Susquehanna lifted their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $58.29.

Delta Air Lines Stock Up 2.9 %

Shares of NYSE:DAL opened at $47.88 on Thursday. The company has a market capitalization of $30.90 billion, a price-to-earnings ratio of 6.15, a PEG ratio of 0.70 and a beta of 1.43. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $49.81. The business has a 50-day moving average price of $43.87 and a 200 day moving average price of $39.58. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating 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 business had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. During the same period last year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts expect that Delta Air Lines, Inc. will post 6.52 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s payout ratio is 5.14%.

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the sale, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is owned by insiders.

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.