Certuity LLC Makes New $212,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Certuity LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,509 shares of the transportation company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines during the 4th quarter valued at about $27,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the fourth quarter worth about $30,000. Ashton Thomas Securities LLC purchased a new position in shares of Delta Air Lines in the third quarter valued at approximately $31,000. Modus Advisors LLC purchased a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $33,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of Delta Air Lines by 217.1% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, SVP William C. Carroll sold 6,783 shares of the company’s stock in a transaction 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 owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the firm’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 transaction, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 in the last quarter. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday. Barclays lifted their target price on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. UBS Group restated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. Susquehanna increased their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Finally, TD Cowen boosted their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines has an average rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $64.09 on Friday. The firm has a market capitalization of $41.36 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.80 and a beta of 1.36. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The firm’s 50 day moving average is $64.15 and its two-hundred day moving average is $55.31.

Delta Air Lines (NYSE:DAL) last announced its quarterly 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 firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period last year, the business earned $1.28 EPS. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

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.