Capital Advisory Group Advisory Services LLC Sells 5,565 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Capital Advisory Group Advisory Services LLC decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 44.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,081 shares of the transportation company’s stock after selling 5,565 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Delta Air Lines were worth $428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. New Wave Wealth Advisors LLC purchased a new position in shares of Delta Air Lines during the fourth quarter worth about $27,000. Hemington Wealth Management lifted its position in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares during the last quarter. Roxbury Financial LLC purchased a new position in Delta Air Lines in the 4th quarter worth approximately $29,000. Crews Bank & Trust bought a new position in shares of Delta Air Lines in the 4th quarter worth $30,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines during the 3rd quarter valued at $31,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Price Performance

DAL stock opened at $63.74 on Friday. The stock has a market capitalization of $41.21 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.76 and a beta of 1.36. The firm’s 50-day moving average price is $64.31 and its two-hundred day moving average price is $56.16. 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, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter in the previous year, the business earned $1.28 EPS. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

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

Insider Buying and Selling at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on DAL. Deutsche Bank Aktiengesellschaft upped their target price 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. UBS Group reiterated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research report on Tuesday, November 26th. Jefferies Financial Group raised their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, Barclays boosted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $78.22.

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.