ERTS Wealth Advisors LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 593 shares of the transportation company’s stock, valued at approximately $30,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $27,000. Csenge Advisory Group purchased a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $42,000. Dubuque Bank & Trust Co. lifted its position in shares of Delta Air Lines by 2,920.0% during the 4th quarter. Dubuque Bank & Trust Co. now owns 755 shares of the transportation company’s stock worth $38,000 after buying an additional 730 shares during the last quarter. JNBA Financial Advisors lifted its position in shares of Delta Air Lines by 165.9% during the 4th quarter. JNBA Financial Advisors now owns 803 shares of the transportation company’s stock worth $40,000 after buying an additional 501 shares during the last quarter. Finally, Athena Capital Advisors LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $42,000. 87.84% of the stock is owned by institutional investors and hedge funds.
Shares of Delta Air Lines stock opened at $50.94 on Friday. The firm has a market capitalization of $34.40 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.70 and a beta of 1.08. Delta Air Lines, Inc. has a 12 month low of $45.08 and a 12 month high of $61.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.28 and a current ratio of 0.34.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.75%. Delta Air Lines’s payout ratio is 24.78%.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday, January 4th. Imperial Capital restated an “outperform” rating and set a $77.00 price objective (down previously from $81.00) on shares of Delta Air Lines in a research report on Friday, December 14th. Vertical Research assumed coverage on shares of Delta Air Lines in a research report on Monday, February 4th. They set a “hold” rating for the company. Credit Suisse Group restated a “buy” rating and set a $71.00 price objective on shares of Delta Air Lines in a research report on Monday, December 17th. Finally, Susquehanna Bancshares assumed coverage on shares of Delta Air Lines in a research report on Wednesday, November 28th. They set a “positive” rating and a $69.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $66.60.
In other news, Director Francis S. Blake acquired 5,185 shares of the company’s stock in a transaction on Monday, January 28th. The shares were bought at an average cost of $48.17 per share, with a total value of $249,761.45. Following the purchase, the director now owns 47,885 shares of the company’s stock, valued at approximately $2,306,620.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Berkshire Hathaway Inc acquired 6,500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was purchased at an average cost of $49.94 per share, for a total transaction of $324,610.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 3,567,723 shares of company stock worth $176,492,957 and sold 130,436 shares worth $6,602,036. Insiders own 0.33% of the company’s stock.
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Delta Air Lines Company 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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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