Heritage Trust Co Purchases Shares of 23,201 Delta Air Lines, Inc. (NYSE:DAL)

Heritage Trust Co acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,201 shares of the transportation company’s stock, valued at approximately $1,404,000.

A number of other hedge funds have also recently made changes to their positions in DAL. Orion Portfolio Solutions LLC boosted its position in shares of Delta Air Lines by 14.0% during the third quarter. Orion Portfolio Solutions LLC now owns 19,541 shares of the transportation company’s stock worth $992,000 after buying an additional 2,401 shares during the period. MML Investors Services LLC lifted its stake in Delta Air Lines by 18.4% during the 3rd quarter. MML Investors Services LLC now owns 71,389 shares of the transportation company’s stock worth $3,626,000 after acquiring an additional 11,094 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Delta Air Lines by 17.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 13,224 shares of the transportation company’s stock valued at $700,000 after acquiring an additional 1,920 shares during the period. Arete Wealth Advisors LLC grew its position in Delta Air Lines by 6.8% in the 3rd quarter. Arete Wealth Advisors LLC now owns 6,222 shares of the transportation company’s stock valued at $315,000 after acquiring an additional 395 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in Delta Air Lines by 11.7% during the third quarter. TD Private Client Wealth LLC now owns 7,515 shares of the transportation company’s stock worth $382,000 after purchasing an additional 785 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on DAL. TD Cowen raised their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday. Dbs Bank lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. UBS Group lowered Delta Air Lines from a “buy” rating to a “neutral” rating and decreased their target price for the company from $77.00 to $42.00 in a report on Monday. Finally, The Goldman Sachs Group lowered their target price on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.06.

Insider Transactions at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the firm’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 completion of the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 162,886 shares of company stock valued at $11,116,463. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Up 3.9 %

DAL opened at $40.88 on Friday. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The business has a 50 day moving average price of $52.37 and a two-hundred day moving average price of $57.69. 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 market cap of $26.43 billion, a PE ratio of 7.67, a P/E/G ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analysts’ expectations of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, February 27th. 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.