Berger Financial Group Inc Trims Position in Delta Air Lines, Inc. (NYSE:DAL)

Berger Financial Group Inc lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.2% in the fourth quarter, Holdings Channel reports. The fund owned 8,265 shares of the transportation company’s stock after selling 359 shares during the quarter. Berger Financial Group Inc’s holdings in Delta Air Lines were worth $500,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines during the fourth quarter valued at approximately $27,000. Roxbury Financial LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth $29,000. Hemington Wealth Management increased its position in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Crews Bank & Trust bought a new stake in Delta Air Lines in the fourth quarter worth $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAL has been the topic of several recent analyst reports. TD Cowen increased their target price on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, April 10th. The Goldman Sachs Group dropped their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Citigroup cut their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Dbs Bank lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Barclays cut their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.06.

Insider Activity at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was 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. The trade was a 41.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the transaction, the senior vice president now directly owns 10,016 shares of the company’s stock, valued at $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,776 shares of company stock worth $4,155,951. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Trading Up 0.9 %

NYSE DAL opened at $41.95 on Tuesday. The company has a fifty day moving average of $46.84 and a 200 day moving average of $57.03. The company has a market capitalization of $27.39 billion, a PE ratio of 7.87, a P/E/G ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter last year, the company posted $0.45 EPS. The company’s revenue was down 5.6% on a year-over-year basis. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.43%. Delta Air Lines’s dividend payout ratio is presently 10.64%.

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.