NEOS Investment Management LLC Grows Position in Delta Air Lines, Inc. (NYSE:DAL)

NEOS Investment Management LLC increased its position in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 35.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,102 shares of the transportation company’s stock after buying an additional 2,376 shares during the period. NEOS Investment Management LLC’s holdings in Delta Air Lines were worth $366,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC purchased a new position in Delta Air Lines in the fourth quarter valued at approximately $27,000. Venturi Wealth Management LLC increased its stake 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 purchasing an additional 575 shares during the last quarter. Manchester Capital Management LLC increased its stake in Delta Air Lines by 26,166.7% in the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 785 shares during the last quarter. Headlands Technologies LLC purchased a new position in Delta Air Lines in the third quarter valued at approximately $35,000. Finally, Nordwand Advisors LLC purchased a new position in Delta Air Lines in the fourth quarter valued at approximately $40,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAL has been the topic of several recent analyst reports. Susquehanna increased their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. Morgan Stanley restated an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Bank of America lifted their price objective 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. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $59.85.

View Our Latest Research Report on Delta Air Lines

Insider Transactions at Delta Air Lines

In other news, EVP Joanne D. Smith sold 4,846 shares of Delta Air Lines stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total transaction of $253,445.80. Following the completion of the transaction, the executive vice president now owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Joanne D. Smith sold 4,846 shares of Delta Air Lines stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total transaction of $253,445.80. Following the completion of the transaction, the executive vice president now owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. Insiders sold 178,919 shares of company stock valued at $8,834,653 in the last 90 days. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $50.82 on Thursday. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. 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 business has a fifty day moving average of $49.84 and a two-hundred day moving average of $43.78. The company has a market cap of $32.79 billion, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 0.73 and a beta of 1.37.

Delta Air Lines (NYSE:DALGet Free Report) last released its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS. As a group, analysts predict that Delta Air Lines, Inc. will post 6.66 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Delta Air Lines Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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