Delta Air Lines, Inc. $DAL Shares Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 87.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 79,031 shares of the transportation company’s stock after purchasing an additional 36,786 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Delta Air Lines were worth $5,485,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. First Financial Bank Trust Division grew its stake in shares of Delta Air Lines by 3.3% in the fourth quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock valued at $328,000 after buying an additional 150 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Delta Air Lines by 2.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock valued at $454,000 after buying an additional 151 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Delta Air Lines by 2.4% in the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after buying an additional 152 shares in the last quarter. LRI Investments LLC grew its stake in shares of Delta Air Lines by 3.4% in the fourth quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock valued at $322,000 after buying an additional 154 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in shares of Delta Air Lines by 25.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 794 shares of the transportation company’s stock valued at $55,000 after buying an additional 161 shares in the last quarter. 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. Sanford C. Bernstein increased their target price on Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Rothschild & Co Redburn lowered their target price on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Argus increased their target price on Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Evercore reiterated an “outperform” rating and issued a $85.00 target price on shares of Delta Air Lines in a research note on Friday, April 17th. Finally, Weiss Ratings lowered Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus target price of $79.76.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $76.16 on Monday. Delta Air Lines, Inc. has a fifty-two week low of $45.28 and a fifty-two week high of $77.10. The business has a 50 day moving average price of $68.23 and a two-hundred day moving average price of $67.26. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The firm has a market cap of $50.04 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same quarter last year, the firm earned $0.46 EPS. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts expect that Delta Air Lines, Inc. will post 5.26 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is 10.93%.

Insider Transactions at Delta Air Lines

In other news, EVP Alain Bellemare sold 20,621 shares of Delta Air Lines stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $72.75, for a total value of $1,500,177.75. Following the completion of the transaction, the executive vice president owned 120,025 shares in the company, valued at approximately $8,731,818.75. This trade represents a 14.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $68.15, for a total value of $4,723,067.60. Following the completion of the transaction, the executive vice president owned 69,369 shares of the company’s stock, valued at approximately $4,727,497.35. The trade was a 49.98% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 204,925 shares of company stock worth $14,323,395. 0.80% of the stock is currently owned by corporate insiders.

About Delta Air Lines

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.