Lake Street Advisors Group LLC Acquires 261 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Lake Street Advisors Group LLC lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.6% during the 4th quarter, Holdings Channel reports. The firm owned 4,881 shares of the transportation company’s stock after purchasing an additional 261 shares during the period. Lake Street Advisors Group LLC’s holdings in Delta Air Lines were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. WASHINGTON TRUST Co boosted its position in shares of Delta Air Lines by 7.5% during the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company’s stock worth $130,000 after acquiring an additional 150 shares in the last quarter. Hemington Wealth Management boosted its position in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares in the last quarter. Mason & Associates Inc boosted its position in shares of Delta Air Lines by 3.2% during the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after acquiring an additional 160 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Delta Air Lines by 1.2% during the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock worth $865,000 after acquiring an additional 173 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in shares of Delta Air Lines by 10.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after acquiring an additional 175 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines 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 transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This represents a 29.83 % decrease in their position. 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 quarter. Insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $60.09 on Friday. The firm has a market cap of $38.85 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The firm’s fifty day moving average is $64.33 and its 200-day moving average is $57.09. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. 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 results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DAL. Susquehanna increased their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. UBS Group restated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Barclays raised their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Citigroup raised their target price 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. Fourteen investment 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.com, the stock has an average rating of “Buy” and a consensus 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.