Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Increased by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 17.3% in the 4th quarter, HoldingsChannel reports. The firm owned 11,076 shares of the transportation company’s stock after purchasing an additional 1,637 shares during the quarter. Bleakley Financial Group LLC’s holdings in Delta Air Lines were worth $670,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of DAL. Econ Financial Services Corp bought a new position in Delta Air Lines in the 4th quarter valued at about $236,000. Choreo LLC lifted its stake in shares of Delta Air Lines by 21.1% in the 4th quarter. Choreo LLC now owns 23,655 shares of the transportation company’s stock worth $1,436,000 after acquiring an additional 4,114 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Delta Air Lines by 42.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 65,160 shares of the transportation company’s stock valued at $3,985,000 after acquiring an additional 19,568 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Delta Air Lines by 44.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 30,879 shares of the transportation company’s stock valued at $1,868,000 after acquiring an additional 9,537 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in Delta Air Lines by 13.5% during the fourth quarter. Yousif Capital Management LLC now owns 90,506 shares of the transportation company’s stock worth $5,476,000 after purchasing an additional 10,763 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on DAL shares. Susquehanna increased their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Barclays raised their target price on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, TD Cowen boosted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $78.22.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $68.14 on Monday. The company has a market cap of $43.97 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. The company’s fifty day moving average is $64.01 and its two-hundred day moving average is $54.85. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the prior year, the business earned $1.28 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is presently 11.26%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,863 shares of company stock worth $8,649,150. 0.96% of the stock is currently owned by company 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.