Wilmington Savings Fund Society FSB Has $567,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

Wilmington Savings Fund Society FSB lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,367 shares of the transportation company’s stock after purchasing an additional 256 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Delta Air Lines were worth $567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines in the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new stake in Delta Air Lines in the 4th quarter valued at $30,000. Modus Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter worth $33,000. Harbor Investment Advisory LLC increased its holdings in Delta Air Lines by 217.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after purchasing an additional 380 shares in the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at about $36,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the sale, the executive vice president now owns 35,889 shares in the company, valued at $2,479,212.12. The trade was a 33.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,863 shares of company stock valued at $8,649,150. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Performance

NYSE DAL opened at $66.20 on Tuesday. The stock has a market cap of $42.72 billion, a PE ratio of 12.42, a P/E/G ratio of 0.80 and a beta of 1.36. 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 firm has a 50-day moving average of $64.01 and a 200-day moving average of $54.93. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period last year, the business posted $1.28 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company 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. 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 payout ratio is 11.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DAL shares. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Citigroup boosted their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Susquehanna raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. One 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $78.22.

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.