MeadowBrook Investment Advisors LLC Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

MeadowBrook Investment Advisors LLC purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 660 shares of the transportation company’s stock, valued at approximately $27,000.

Several other large investors have also bought and sold shares of the stock. Clearstead Trust LLC purchased a new position in Delta Air Lines during the fourth quarter worth about $384,000. Measured Wealth Private Client Group LLC grew its holdings in shares of Delta Air Lines by 27.9% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 8,245 shares of the transportation company’s stock valued at $332,000 after acquiring an additional 1,798 shares in the last quarter. TCG Advisory Services LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $223,000. Axxcess Wealth Management LLC bought a new stake in Delta Air Lines during the fourth quarter worth $367,000. Finally, LSV Asset Management grew its stake in Delta Air Lines by 2.0% in the 4th quarter. LSV Asset Management now owns 3,320,447 shares of the transportation company’s stock valued at $133,582,000 after purchasing an additional 65,463 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on DAL. Susquehanna raised their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. UBS Group initiated coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective on the stock. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $58.29.

Delta Air Lines Trading Down 1.3 %

Delta Air Lines stock traded down $0.69 during trading hours on Tuesday, reaching $52.24. The company had a trading volume of 2,379,939 shares, compared to its average volume of 10,691,688. The firm has a market cap of $33.43 billion, a price-to-earnings ratio of 6.80, a P/E/G ratio of 0.76 and a beta of 1.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The company has a 50-day moving average price of $46.20 and a 200 day moving average price of $40.95. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $53.00.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. Delta Air Lines’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. Equities analysts forecast that Delta Air Lines, Inc. will post 6.61 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines’s payout ratio is 5.14%.

Insider Activity at Delta Air Lines

In related news, Director Willie Cw Chiang bought 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of $49.50 per share, with a total value of $495,000.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $495,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Willie Cw Chiang purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $49.50 per share, with a total value of $495,000.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $495,000. The disclosure for this purchase can be found here. Insiders have sold a total of 174,073 shares of company stock worth $8,581,207 over the last quarter. Corporate insiders own 0.89% of the company’s stock.

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 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.