Advisory Research Inc. grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 190.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 24,976 shares of the transportation company’s stock after acquiring an additional 16,363 shares during the quarter. Advisory Research Inc.’s holdings in Delta Air Lines were worth $1,399,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Baker Ellis Asset Management LLC bought a new stake in Delta Air Lines in the fourth quarter worth $106,000. SeaCrest Wealth Management LLC bought a new stake in Delta Air Lines in the fourth quarter worth $121,000. Advisory Services Network LLC lifted its position in shares of Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after purchasing an additional 75 shares during the last quarter. Global Trust Asset Management LLC purchased a new position in shares of Delta Air Lines during the fourth quarter valued at $185,000. Finally, Blue Granite Capital LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at $162,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.
Delta Air Lines, Inc. (DAL) opened at $53.46 on Friday. Delta Air Lines, Inc. has a twelve month low of $43.81 and a twelve month high of $60.79. The stock has a market capitalization of $38,115.54, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 0.72 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.70%.
In other news, CEO Edward H. Bastian sold 73,211 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $56.04, for a total value of $4,102,744.44. Following the completion of the sale, the chief executive officer now directly owns 338,719 shares in the company, valued at $18,981,812.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George N. Mattson acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average price of $51.89 per share, with a total value of $518,900.00. Following the completion of the transaction, the director now directly owns 66,510 shares of the company’s stock, valued at $3,451,203.90. The disclosure for this purchase can be found here. Insiders sold 343,638 shares of company stock valued at $19,592,923 over the last 90 days. Company insiders own 0.37% of the company’s stock.
Several brokerages have recently commented on DAL. Morgan Stanley cut their price target on Delta Air Lines from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Friday. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Thursday, February 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stephens reiterated a “buy” rating and issued a $72.00 target price on shares of Delta Air Lines in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. lifted their target price on Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.76.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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