Graney & King LLC Purchases Shares of 566 Delta Air Lines, Inc. (NYSE:DAL)

Graney & King LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 566 shares of the transportation company’s stock, valued at approximately $34,000.

Several other large investors have also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines in the fourth quarter worth $27,000. Roxbury Financial LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter worth $29,000. Hemington Wealth Management grew its stake in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after buying an additional 154 shares during the last quarter. Crews Bank & Trust acquired a new position in Delta Air Lines during the 4th quarter valued at about $30,000. Finally, Modus Advisors LLC purchased a new stake in Delta Air Lines in the fourth quarter valued at about $33,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 1.3 %

Delta Air Lines stock opened at $48.06 on Thursday. The firm has a market cap of $31.07 billion, a PE ratio of 9.02, a P/E/G 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 stock’s 50 day simple moving average is $59.78 and its two-hundred day simple moving average is $58.27. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the prior year, the firm posted $1.28 earnings per share. The firm’s quarterly 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 year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.25%. Delta Air Lines’s payout ratio is 11.26%.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This represents a 29.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction 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 sale, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on DAL. Citigroup cut their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Susquehanna upped their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. TD Cowen lifted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, UBS Group reduced their target price on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and a consensus price target of $76.29.

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.