3,390 Shares in Delta Air Lines, Inc. (NYSE:DAL) Purchased by Keystone Financial Group

Keystone Financial Group purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,390 shares of the transportation company’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DAL. WASHINGTON TRUST Co grew its stake in Delta Air Lines by 7.5% in the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company’s stock worth $130,000 after acquiring an additional 150 shares during the period. Hemington Wealth Management grew its position in shares of 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 period. HighPoint Advisor Group LLC increased its stake in Delta Air Lines by 1.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company’s stock valued at $554,000 after purchasing an additional 155 shares during the last quarter. Mason & Associates Inc lifted its position in Delta Air Lines by 3.2% during the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after buying an additional 160 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in Delta Air Lines by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock worth $865,000 after buying an additional 173 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 over the last three months. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL opened at $40.29 on Tuesday. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The company’s fifty day moving average is $51.80 and its 200-day moving average is $57.66. The firm has a market cap of $26.05 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last announced 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 analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.45 EPS. Equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced 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 yield of 1.49%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.64%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, April 10th. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Bank of America decreased their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Jefferies Financial Group restated a “hold” rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Finally, Susquehanna reduced their target price on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.06.

Delta Air Lines 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.