Laurel Wealth Advisors Inc. boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,300 shares of the transportation company’s stock after purchasing an additional 999 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Delta Air Lines were worth $408,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of DAL. Baker Ellis Asset Management LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $106,000. SeaCrest Wealth Management LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $121,000. Global Trust Asset Management LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $185,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Delta Air Lines by 233.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock valued at $196,000 after acquiring an additional 2,450 shares in the last quarter. Finally, Nadler Financial Group Inc. bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $202,000. Institutional investors and hedge funds own 90.05% of the company’s stock.
Delta Air Lines, Inc. (DAL) opened at $56.69 on Friday. The stock has a market capitalization of $39,827.49, a P/E ratio of 11.48, a P/E/G ratio of 0.77 and a beta of 1.16. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. Delta Air Lines, Inc. has a 1 year low of $43.81 and a 1 year high of $60.79.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were given a dividend of $0.305 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.15%. Delta Air Lines’s payout ratio is 24.70%.
In other Delta Air Lines news, insider Steven M. Sear sold 10,783 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $56.05, for a total value of $604,387.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Edward H. Bastian sold 73,211 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 338,719 shares in the company, valued at approximately $18,981,812.76. The disclosure for this sale can be found here. In the last three months, insiders sold 249,138 shares of company stock worth $14,375,643. Insiders own 0.37% of the company’s stock.
Several equities research analysts have recently commented on DAL shares. Stifel Nicolaus boosted their price objective on Delta Air Lines to $90.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Sanford C. Bernstein set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a report on Wednesday, January 10th. Stephens restated a “buy” rating and set a $72.00 price objective on shares of Delta Air Lines in a report on Wednesday, January 10th. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Thursday, February 8th. Finally, Imperial Capital restated an “outperform” rating and set a $65.00 price objective (up previously from $63.00) on shares of Delta Air Lines in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $67.05.
Delta Air Lines 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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