Mount Lucas Management LP Has $3.21 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Mount Lucas Management LP cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,037 shares of the transportation company’s stock after selling 5,776 shares during the period. Delta Air Lines accounts for 1.1% of Mount Lucas Management LP’s holdings, making the stock its 15th largest position. Mount Lucas Management LP’s holdings in Delta Air Lines were worth $3,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DAL. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines in the 4th quarter valued at about $27,000. Hemington Wealth Management raised its position in shares of Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $29,000. Crews Bank & Trust acquired a new stake in Delta Air Lines during the fourth quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC bought a new position in Delta Air Lines during the 3rd quarter worth $31,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DAL shares. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Susquehanna upped their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. TD Cowen raised their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group upped their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Citigroup lifted their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $78.22.

Delta Air Lines Price Performance

Shares of DAL opened at $53.18 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a market cap of $34.38 billion, a PE ratio of 9.98, a PEG ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The business has a 50-day simple moving average of $63.68 and a two-hundred day simple moving average of $57.88.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Insider Buying and Selling

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the sale, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. The trade was a 40.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Rahul D. Samant sold 17,970 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the transaction, the executive vice president now owns 35,889 shares of the company’s stock, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. 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 90 days. 0.96% of the stock is owned by insiders.

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.