Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Norden Group LLC

Norden Group LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,702 shares of the transportation company’s stock after purchasing an additional 197 shares during the quarter. Norden Group LLC’s holdings in Delta Air Lines were worth $1,192,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth about $27,000. Hemington Wealth Management lifted its stake in Delta Air Lines by 48.1% in the fourth 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 acquired a new position in Delta Air Lines during the 4th quarter worth approximately $29,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $60.09 on Monday. The stock has a market capitalization of $38.85 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 0.75 and a beta of 1.36. The firm’s fifty day simple moving average is $64.33 and its 200-day simple moving average is $57.34. 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, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating 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 company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the business posted $1.28 earnings per share. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.00%. Delta Air Lines’s payout ratio is 11.26%.

Insider Buying and Selling at Delta Air Lines

In related news, 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 value of $2,467,312.47. Following 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the transaction, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup boosted their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Jefferies Financial Group upped their price objective on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays upped their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $78.22.

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.