J.W. Cole Advisors Inc. Boosts Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

J.W. Cole Advisors Inc. boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,138 shares of the transportation company’s stock after buying an additional 1,278 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Delta Air Lines were worth $327,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after buying an additional 570 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after buying an additional 575 shares during the last quarter. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Delta Air Lines by 55.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock worth $32,000 after purchasing an additional 311 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Delta Air Lines during the third quarter worth about $35,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after purchasing an additional 1,224 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In related news, EVP Alain Bellemare sold 24,073 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the sale, the executive vice president now owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the sale, the president now directly owns 217,584 shares in the company, valued at approximately $10,672,495.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The disclosure for this sale can be found here. Insiders sold a total of 195,913 shares of company stock worth $8,897,335 over the last 90 days. Company insiders own 0.89% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $47.94 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The company has a market cap of $30.94 billion, a P/E ratio of 6.16, a PEG ratio of 0.73 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 50-day moving average price of $44.65 and a 200 day moving average price of $40.01.

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

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. Delta Air Lines’s payout ratio is currently 5.14%.

Analyst Upgrades and Downgrades

DAL has been the topic of several research reports. UBS Group initiated coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective on the stock. TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Susquehanna raised their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $58.29.

Delta Air Lines Company 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.