Crowley Wealth Management Inc. Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

Crowley Wealth Management Inc. acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 750 shares of the transportation company’s stock, valued at approximately $45,000.

A number of other hedge funds have also recently modified their holdings of DAL. Boston Partners bought a new stake in shares of Delta Air Lines during the 4th quarter valued at $328,398,000. Castle Hook Partners LP purchased a new position in shares of Delta Air Lines during the 3rd quarter valued at $189,296,000. Raymond James Financial Inc. purchased a new position in shares of Delta Air Lines during the 4th quarter valued at $64,577,000. Sanders Capital LLC lifted its stake in shares of Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after buying an additional 749,099 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Delta Air Lines by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company’s stock valued at $4,380,820,000 after buying an additional 456,465 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of analyst reports. Citigroup lowered their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. TD Cowen lifted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. UBS Group decreased their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Finally, Barclays decreased their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $76.29.

Insider Activity at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were 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 approximately $3,425,478.21. This represents a 41.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the company’s 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 transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. The trade was a 29.83 % 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 worth $11,116,463. Insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 0.1 %

Shares of NYSE DAL opened at $46.89 on Monday. The firm’s 50-day moving average price is $60.80 and its 200-day moving average price is $58.25. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $30.31 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.34. 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 earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion for 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 30.41%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.28%. Delta Air Lines’s payout ratio is 11.26%.

Delta Air Lines Company 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.