Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Schear Investment Advisers LLC

Schear Investment Advisers LLC increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 26,522 shares of the transportation company’s stock after acquiring an additional 1,536 shares during the period. Schear Investment Advisers LLC’s holdings in Delta Air Lines were worth $1,605,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines in the 4th quarter valued at about $27,000. Crews Bank & Trust purchased a new position in Delta Air Lines during the 4th quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new stake in Delta Air Lines in the 3rd quarter worth approximately $31,000. Modus Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter valued at $33,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of 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 buying an additional 380 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 2.2 %

DAL opened at $64.74 on Wednesday. The company has a fifty day moving average of $64.07 and a 200-day moving average of $55.09. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a market cap of $41.77 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36.

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

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of research reports. Susquehanna raised 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. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Barclays raised their price objective 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. TD Cowen upped their price target on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $78.22.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,863 shares of company stock worth $8,649,150. Insiders own 0.96% of the company’s stock.

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.