105,025 Shares in Delta Air Lines, Inc. (NYSE:DAL) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, Holdings Channel.com reports. The firm bought 105,025 shares of the transportation company’s stock, valued at approximately $6,354,000.

Other hedge funds 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 during the 4th quarter valued at $27,000. Hemington Wealth Management boosted its stake in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines during the fourth quarter worth about $29,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines during the fourth quarter worth about $30,000. Finally, Modus Advisors LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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 company insiders.

Delta Air Lines Stock Down 3.9 %

Delta Air Lines stock opened at $46.21 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $29.88 billion, a PE ratio of 8.67, a PEG ratio of 0.75 and a beta of 1.34. The firm’s fifty day moving average is $59.38 and its 200 day moving average is $58.18. 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 released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) 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 analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.28 EPS. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.30%. Delta Air Lines’s dividend payout ratio is 11.26%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DAL. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday. TD Cowen increased their price objective on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Susquehanna upped their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Citigroup decreased their price target on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Finally, Barclays cut 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 investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $76.29.

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.