Green Square Capital LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 138,938 shares of the transportation company’s stock, valued at approximately $7,781,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Baker Ellis Asset Management LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at approximately $106,000. SeaCrest Wealth Management LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at approximately $121,000. Global Trust Asset Management LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at approximately $185,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Delta Air Lines by 233.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock valued at $196,000 after acquiring an additional 2,450 shares during the period. Finally, Nadler Financial Group Inc. acquired a new stake in Delta Air Lines in the 4th quarter valued at approximately $202,000. 87.57% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on DAL shares. Vetr cut Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 target price on the stock. in a research report on Wednesday, November 29th. ValuEngine upgraded Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Cowen raised their target price on Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. Stephens set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a research report on Monday, December 18th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Delta Air Lines has a consensus rating of “Buy” and an average target price of $67.22.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 EPS. analysts anticipate that Delta Air Lines, Inc. will post 6.3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 22nd. Delta Air Lines’s payout ratio is 24.70%.
In other news, COO W Gilbert West sold 9,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.06, for a total value of $504,540.00. Following the completion of the sale, the chief operating officer now owns 61,872 shares of the company’s stock, valued at $3,468,544.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director George N. Mattson bought 10,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $51.89 per share, with a total value of $518,900.00. Following the transaction, the director now owns 66,510 shares of the company’s stock, valued at $3,451,203.90. The disclosure for this purchase can be found here. Insiders sold a total of 164,250 shares of company stock worth $9,618,000 over the last 90 days. Insiders own 0.37% of the company’s stock.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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