Portfolio Design Labs LLC Makes New $223,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Portfolio Design Labs LLC acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,693 shares of the transportation company’s stock, valued at approximately $223,000.

Other institutional investors have also modified their holdings of the company. Mason & Associates Inc lifted its stake in Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock valued at $308,000 after buying an additional 160 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Delta Air Lines by 1.2% in the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock worth $865,000 after acquiring an additional 173 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Delta Air Lines by 10.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after purchasing an additional 175 shares in the last quarter. Ballentine Partners LLC raised its stake in Delta Air Lines by 3.7% in the 4th quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 188 shares during the last quarter. Finally, Huntington National Bank raised its stake in Delta Air Lines by 2.9% in the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 189 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. UBS Group reaffirmed a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Citigroup raised their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group restated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Finally, StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Stock Performance

NYSE DAL opened at $66.35 on Thursday. The stock has a fifty day simple moving average of $64.11 and a 200-day simple moving average of $55.24. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock has a market cap of $42.81 billion, a PE ratio of 12.45, a P/E/G ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98.

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

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.90%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 8,400 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 over the last quarter. 0.96% of the stock is 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.