Silver Oak Securities Incorporated Invests $697,000 in Delta Air Lines, Inc. (NYSE:DAL)

Silver Oak Securities Incorporated bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,475 shares of the transportation company’s stock, valued at approximately $697,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DAL. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines during the fourth quarter worth approximately $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of Delta Air Lines during the third quarter worth about $25,000. Crews Bank & Trust acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $30,000. Modus Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $33,000. Finally, Harbor Investment Advisory LLC raised its holdings in Delta Air Lines by 217.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after purchasing an additional 380 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on DAL. 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 note on Thursday, November 14th. UBS Group reissued a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Bank of America upped their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $78.22.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $68.14 on Friday. The stock has a market cap of $43.97 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 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 business has a fifty day simple moving average of $63.93 and a 200-day simple moving average of $54.60.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 EPS. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the sale, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This trade represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,863 shares of company stock valued at $8,649,150 over the last three months. 0.96% of the stock is currently owned by insiders.

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.