Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 27.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 24,931 shares of the transportation company’s stock after acquiring an additional 5,444 shares during the period. Delta Air Lines accounts for about 0.1% of Hartford Funds Management Co LLC’s holdings, making the stock its 23rd biggest position. Hartford Funds Management Co LLC’s holdings in Delta Air Lines were worth $1,508,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DAL. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $27,000. Hemington Wealth Management raised its holdings in Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $29,000. Crews Bank & Trust acquired a new position in Delta Air Lines in the 4th quarter valued at $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in Delta Air Lines in the 3rd quarter valued at $31,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 3.3 %

Shares of NYSE DAL opened at $54.89 on Friday. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The company has a market cap of $35.48 billion, a P/E ratio of 10.30, a P/E/G ratio of 0.75 and a beta of 1.34. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock has a fifty day moving average price of $63.84 and a 200 day moving average price of $57.55.

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, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the prior year, the firm earned $1.28 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.09%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DAL. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Susquehanna boosted their price objective 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. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average price target of $78.22.

Insider Activity

In other news, EVP Rahul D. Samant sold 17,970 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the sale, the executive vice president now directly owns 35,889 shares in the company, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock worth $11,116,463 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines 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.