denkapparat Operations GmbH Takes $269,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

denkapparat Operations GmbH purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,442 shares of the transportation company’s stock, valued at approximately $269,000.

A number of other large investors have also bought and sold shares of the stock. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines during the 4th quarter valued at about $27,000. Hemington Wealth Management lifted its holdings in Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after buying an additional 154 shares during the period. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $29,000. Crews Bank & Trust purchased a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $30,000. Finally, Modus Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $33,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Trading Down 5.1 %

NYSE:DAL opened at $43.80 on Friday. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The business has a fifty day moving average price of $58.94 and a 200-day moving average price of $58.18. The firm has a market capitalization of $28.31 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last issued 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. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the prior year, the business posted $1.28 earnings per share. The business’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the sale, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 over the last three months. 0.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on DAL shares. Citigroup reduced their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. UBS Group lowered their price objective on 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. Susquehanna upped their target price 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. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Barclays dropped their price objective 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. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $76.29.

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.