Intrust Bank NA increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 21,073 shares of the transportation company’s stock after purchasing an additional 1,351 shares during the period. Intrust Bank NA’s holdings in Delta Air Lines were worth $1,275,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the business. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth approximately $27,000. Hemington Wealth Management lifted its holdings in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares during the last quarter. Roxbury Financial LLC bought a new position in Delta Air Lines during the fourth quarter worth $29,000. Crews Bank & Trust acquired a new position in shares of Delta Air Lines in the fourth quarter valued at $30,000. Finally, Modus Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 69.93% of the company’s stock.
Analyst Upgrades and Downgrades
DAL has been the subject of several research analyst reports. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. UBS Group cut their price objective on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. TD Cowen upped their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Susquehanna raised their price target 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. Finally, Barclays lowered their price objective on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $76.29.
Delta Air Lines Stock Performance
Shares of Delta Air Lines stock opened at $43.80 on Friday. The company’s 50 day moving average price is $58.94 and its two-hundred day moving average price is $58.29. The firm has a market capitalization of $28.31 billion, a P/E ratio of 8.22, a P/E/G ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.
Delta Air Lines (NYSE:DAL – Get Free Report) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $1.28 EPS. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.
Delta Air Lines Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.26%.
Insider Activity
In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 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.
About Delta Air Lines
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.
See Also
- Five stocks we like better than Delta Air Lines
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- MarketBeat Week in Review – 03/24 – 03/28
- Investing in the High PE Growth Stocks
- Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low
- What is Short Interest? How to Use It
- 4 Healthcare Stocks With Massive Gains—and More to Come
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.