7,470 Shares in Delta Air Lines, Inc. (NYSE:DAL) Purchased by Constant Guidance Financial LLC

Constant Guidance Financial LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,470 shares of the transportation company’s stock, valued at approximately $452,000.

Several other hedge funds have also recently modified their holdings of DAL. Sanders Capital LLC raised its holdings in Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after acquiring an additional 749,099 shares during the last quarter. Geode Capital Management LLC raised its holdings in Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after acquiring an additional 416,338 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in Delta Air Lines in the 3rd quarter valued at about $281,206,000. Castle Hook Partners LP acquired a new stake in Delta Air Lines in the 3rd quarter valued at about $189,296,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Delta Air Lines by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock valued at $177,637,000 after acquiring an additional 10,332 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value 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 $1,304,291.12. This trade represents a 29.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction that occurred 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 directly owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This represents a 41.87 % 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 in the last 90 days. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DAL. Barclays increased their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Citigroup increased their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. TD Cowen increased their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $78.22.

Delta Air Lines Stock Performance

NYSE:DAL opened at $65.41 on Friday. 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 stock has a market capitalization of $42.21 billion, a P/E ratio of 12.27, a PEG ratio of 0.80 and a beta of 1.36. The company has a 50 day moving average price of $64.12 and a 200 day moving average price of $55.38. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two 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, beating 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 company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the company posted $1.28 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.92%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Delta Air Lines Company 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.