Thomasville National Bank Invests $485,000 in Delta Air Lines, Inc. $DAL

Thomasville National Bank acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,555 shares of the transportation company’s stock, valued at approximately $485,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Signature Resources Capital Management LLC acquired a new position in Delta Air Lines during the second quarter valued at approximately $25,000. NewSquare Capital LLC boosted its holdings in shares of Delta Air Lines by 184.6% during the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after buying an additional 371 shares during the period. Activest Wealth Management boosted its holdings in shares of Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after buying an additional 593 shares during the period. Wealth Preservation Advisors LLC acquired a new position in Delta Air Lines in the 1st quarter valued at $31,000. Finally, Kilter Group LLC bought a new position in Delta Air Lines in the 2nd quarter worth $35,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 14,010 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the transaction, the senior vice president directly owned 15,816 shares of the company’s stock, valued at approximately $968,730. This represents a 46.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the transaction, the executive vice president owned 81,109 shares in the company, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DAL. Rothschild & Co Redburn boosted their target price on shares of Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Wall Street Zen lowered Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, November 28th. TD Cowen lifted their price target on Delta Air Lines from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, Citigroup started coverage on Delta Air Lines in a research report on Thursday, December 4th. They issued a “buy” rating and a $77.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $75.07.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $71.08 on Monday. The firm has a market capitalization of $46.41 billion, a PE ratio of 10.01, a PEG ratio of 1.55 and a beta of 1.38. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $72.34. The business’s 50 day moving average is $62.23 and its 200-day moving average is $57.87.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The business had revenue of $8.40 billion during the quarter. Sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, October 16th. Delta Air Lines’s payout ratio is 10.56%.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.