Perennial Investment Advisors LLC Acquires New Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Perennial Investment Advisors LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,420 shares of the transportation company’s stock, valued at approximately $207,000.

Other large investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter worth $27,000. Hemington Wealth Management lifted 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 acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC bought a new stake in Delta Air Lines during the fourth quarter valued at about $29,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at about $30,000. Finally, Modus Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter worth about $33,000. Institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. This trade 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 the firm’s stock in a transaction dated 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 directly owns 52,789 shares in the company, 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 sold 162,886 shares of company stock valued at $11,116,463 over the last ninety days. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

DAL has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on 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. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Susquehanna increased their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Citigroup dropped 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. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Three equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.49.

Delta Air Lines Trading Down 4.1 %

Shares of Delta Air Lines stock opened at $37.13 on Monday. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The stock has a market capitalization of $24.00 billion, a P/E ratio of 6.97, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company has a 50-day simple moving average of $56.32 and a 200 day simple moving average of $58.22. The company has a quick ratio of 0.32, a current ratio of 0.37 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 earnings per share. Research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.62%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

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.