New Mexico Educational Retirement Board Has $1.85 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

New Mexico Educational Retirement Board cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 3.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 30,600 shares of the transportation company’s stock after selling 1,000 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Delta Air Lines were worth $1,851,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $27,000. Hemington Wealth Management increased its position in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares in the last quarter. Crews Bank & Trust acquired a new position in Delta Air Lines during the 4th quarter worth approximately $30,000. Modus Advisors LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $33,000. Finally, Harbor Investment Advisory LLC increased its position in Delta Air Lines by 217.1% during the 4th 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DAL shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Susquehanna upped their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Jefferies Financial Group upped their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Citigroup upped their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $78.22.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated 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 transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Trading Up 2.1 %

DAL opened at $65.41 on Monday. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve 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 company has a fifty day moving average of $64.14 and a 200-day moving average of $55.62. The stock has a market cap of $42.29 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $1.28 earnings per share. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

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.