CPA Asset Management LLC Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

CPA Asset Management LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 3,365 shares of the transportation company’s stock, valued at approximately $204,000.

Other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its holdings in Delta Air Lines by 5.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after purchasing an additional 13,802 shares during the last quarter. KBC Group NV lifted its holdings in Delta Air Lines by 143.7% during the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock worth $2,876,000 after purchasing an additional 33,378 shares during the last quarter. Olstein Capital Management L.P. lifted its holdings in Delta Air Lines by 32.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after purchasing an additional 43,000 shares during the last quarter. Donoghue Forlines LLC acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $2,036,000. Finally, River Road Asset Management LLC lifted its holdings in Delta Air Lines by 22.8% during the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock worth $6,634,000 after purchasing an additional 24,249 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on DAL. Jefferies Financial Group lifted their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. UBS Group reissued a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, Citigroup raised their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $78.22.

Insider Buying and Selling

In related news, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the sale, the executive vice president now owns 35,889 shares in the company, valued at $2,479,212.12. The trade was a 33.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the sale, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 in the last 90 days. Insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 0.5 %

Shares of DAL opened at $61.78 on Wednesday. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The business’s fifty day moving average is $64.30 and its 200-day moving average is $56.89. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a market cap of $39.94 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 0.75 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last issued its quarterly 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. 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 analyst estimates of $14.20 billion. During the same quarter last year, the company posted $1.28 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities 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 disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. Delta Air Lines’s dividend payout ratio is currently 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.