Kestra Private Wealth Services LLC Purchases 474 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Kestra Private Wealth Services LLC raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 2.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,380 shares of the transportation company’s stock after buying an additional 474 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Delta Air Lines were worth $1,354,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DAL. CWM LLC lifted its stake in Delta Air Lines by 87.5% during the 3rd quarter. CWM LLC now owns 34,919 shares of the transportation company’s stock valued at $1,774,000 after acquiring an additional 16,294 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Delta Air Lines during the third quarter valued at about $341,000. Koshinski Asset Management Inc. purchased a new position in Delta Air Lines during the third quarter worth about $215,000. Vontobel Holding Ltd. boosted its holdings in Delta Air Lines by 2.1% during the third quarter. Vontobel Holding Ltd. now owns 32,379 shares of the transportation company’s stock worth $1,645,000 after purchasing an additional 680 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Delta Air Lines by 3.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,645 shares of the transportation company’s stock worth $1,303,000 after purchasing an additional 778 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of the company’s 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 transaction, the executive vice president now directly owns 35,889 shares in the company, valued at $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 over the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $66.35 on Thursday. 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 company has a market capitalization of $42.81 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The firm’s 50-day moving average is $64.11 and its 200 day moving average is $55.24.

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

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DAL shares. Susquehanna boosted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. UBS Group reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a research report on Tuesday, November 26th. Barclays lifted their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Jefferies Financial Group lifted 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, TD Cowen increased their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. 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.