Parkside Financial Bank & Trust Boosts Stake in Delta Air Lines, Inc. (NYSE:DAL)

Parkside Financial Bank & Trust increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 19.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,452 shares of the transportation company’s stock after acquiring an additional 561 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Delta Air Lines were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DAL. abrdn plc raised its holdings in shares of Delta Air Lines by 36.0% during the third quarter. abrdn plc now owns 135,098 shares of the transportation company’s stock worth $6,859,000 after purchasing an additional 35,792 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Delta Air Lines by 122.0% during the third quarter. Stephens Inc. AR now owns 35,436 shares of the transportation company’s stock worth $1,800,000 after purchasing an additional 19,477 shares during the last quarter. Cambiar Investors LLC raised its holdings in shares of Delta Air Lines by 12.0% during the third quarter. Cambiar Investors LLC now owns 1,330,284 shares of the transportation company’s stock worth $67,565,000 after purchasing an additional 142,723 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Delta Air Lines by 16.5% during the third quarter. Farther Finance Advisors LLC now owns 5,357 shares of the transportation company’s stock worth $272,000 after purchasing an additional 757 shares during the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of Delta Air Lines during the third quarter worth $245,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business’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 transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction 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 approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

Shares of DAL stock opened at $60.09 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The firm’s 50-day moving average is $64.33 and its two-hundred day moving average is $57.21. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The company has a market capitalization 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.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $1.28 EPS. Analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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 1.00%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is currently 11.26%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DAL shares. UBS Group reissued a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. 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 report on Tuesday, November 26th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Finally, Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus 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.