Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 27,559 shares of the transportation company’s stock after purchasing an additional 1,366 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Delta Air Lines were worth $1,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Pzena Investment Management LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $281,206,000. Castle Hook Partners LP acquired a new position in Delta Air Lines in the third quarter valued at approximately $189,296,000. Sanders Capital LLC grew its holdings in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after purchasing an additional 749,099 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Delta Air Lines by 419.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock worth $28,551,000 after purchasing an additional 453,926 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of Delta Air Lines by 325.7% in the 4th quarter. Retirement Systems of Alabama now owns 592,808 shares of the transportation company’s stock worth $35,865,000 after purchasing an additional 453,547 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 2.8 %

Shares of DAL stock opened at $66.20 on Tuesday. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The business’s fifty day moving average is $64.01 and its 200-day moving average is $54.93. The stock has a market cap of $42.72 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last released its earnings results 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. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm 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 company earned $1.28 earnings per share. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. Equities 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 will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.91%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Insider Buying and Selling

In other news, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP William C. Carroll sold 8,400 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,863 shares of company stock worth $8,649,150. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DAL. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Barclays upped their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup lifted their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, TD Cowen lifted their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target 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.