Oarsman Capital Inc. Has $56,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Oarsman Capital Inc. lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 54.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 920 shares of the transportation company’s stock after selling 1,083 shares during the quarter. Oarsman Capital Inc.’s holdings in Delta Air Lines were worth $56,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth $27,000. Hemington Wealth Management raised its position 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 purchasing an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new position in Delta Air Lines during the 4th quarter worth about $29,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines in the 4th quarter valued at about $30,000. Finally, Modus Advisors LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at about $33,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on DAL shares. Dbs Bank cut Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday. Bank of America reduced their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday. The Goldman Sachs Group lowered their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. TD Cowen upped their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Barclays lowered their price objective on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.49.

Delta Air Lines Stock Performance

DAL opened at $37.13 on Monday. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.75 and a beta of 1.23. The company’s fifty day moving average price is $56.32 and its two-hundred day moving average price is $58.22. 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 posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 EPS. On average, analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.62%. Delta Air Lines’s payout ratio is 11.26%.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the firm’s 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 transaction, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by corporate 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.