FineMark National Bank & Trust Grows Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

FineMark National Bank & Trust lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,810 shares of the transportation company’s stock after acquiring an additional 410 shares during the quarter. FineMark National Bank & Trust’s holdings in Delta Air Lines were worth $1,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines during the 4th quarter valued at $27,000. Roxbury Financial LLC bought a new stake in Delta Air Lines during the 4th quarter valued at $29,000. Hemington Wealth Management grew its stake in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Delta Air Lines in the 4th quarter worth approximately $30,000. Finally, Modus Advisors LLC purchased a new position in Delta Air Lines in the fourth quarter worth $33,000. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of a number of recent analyst reports. Citigroup cut their price target 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. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday. TD Cowen lifted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Barclays reduced their target price on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, UBS Group reduced their price target 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. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $76.29.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares of the company’s stock, valued at $660,455.04. This trade represents a 40.38 % 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. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

Shares of DAL stock opened at $48.67 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The company has a market capitalization of $31.46 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The firm’s 50-day moving average is $60.13 and its two-hundred day moving average is $58.34. 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 released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 30.41% and a net margin of 5.61%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 earnings per share. Analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

About Delta Air Lines

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.