Parallel Advisors LLC Has $636,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Parallel Advisors LLC boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 12.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,511 shares of the transportation company’s stock after buying an additional 1,134 shares during the quarter. Parallel Advisors LLC’s holdings in Delta Air Lines were worth $636,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Donoghue Forlines LLC acquired a new position in Delta Air Lines during the 4th quarter worth $2,036,000. Geode Capital Management LLC lifted its holdings in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after buying an additional 416,338 shares in the last quarter. Castle Hook Partners LP bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at $189,296,000. Meridian Wealth Management LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at $1,693,000. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of Delta Air Lines during the 4th quarter valued at $3,593,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 8,400 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. This represents a 29.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated 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 owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 in the last three months. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

DAL has been the subject of several recent research reports. Susquehanna upped their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. UBS Group dropped their target price on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Citigroup dropped their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays lowered their price objective on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $76.29.

Delta Air Lines Price Performance

DAL stock opened at $46.92 on Friday. The stock has a 50-day moving average price of $61.21 and a two-hundred day moving average price of $57.99. The stock has a market cap of $30.33 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. 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 1 year low of $37.29 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the prior year, the business posted $1.28 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. Delta Air Lines’s dividend 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.