Savant Capital LLC Has $5.12 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Savant Capital LLC lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,590 shares of the transportation company’s stock after buying an additional 3,354 shares during the period. Savant Capital LLC’s holdings in Delta Air Lines were worth $5,118,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth about $27,000. Crews Bank & Trust acquired a new stake in Delta Air Lines in the 4th quarter valued at about $30,000. Modus Advisors LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at about $33,000. Harbor Investment Advisory LLC lifted its stake in Delta Air Lines by 217.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 380 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at about $36,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DAL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price 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. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Citigroup raised their target price 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. Barclays raised their target price 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. Finally, 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 report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Stock Down 2.8 %

Shares of DAL opened at $66.20 on Tuesday. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The firm’s 50 day moving average is $64.01 and its 200-day moving average is $54.93. The stock has a market capitalization of $42.72 billion, a PE ratio of 12.42, a P/E/G ratio of 0.80 and a beta of 1.36. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $14.20 billion. During the same period last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued 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 0.91%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Insider Activity at Delta Air Lines

In related news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the transaction, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred 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 directly owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. 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 owned by insiders.

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.