5,589 Shares in Delta Air Lines, Inc. (NYSE:DAL) Acquired by Horizon Advisory Services Inc.

Horizon Advisory Services Inc. purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,589 shares of the transportation company’s stock, valued at approximately $338,000. Delta Air Lines accounts for about 0.2% of Horizon Advisory Services Inc.’s holdings, making the stock its 20th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in DAL. Allspring Global Investments Holdings LLC lifted its stake in Delta Air Lines by 1.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 36,948 shares of the transportation company’s stock valued at $1,877,000 after buying an additional 699 shares during the period. Foundations Investment Advisors LLC bought a new stake in shares of Delta Air Lines during the third quarter valued at approximately $205,000. Arkadios Wealth Advisors increased its holdings in shares of Delta Air Lines by 3.6% during the third quarter. Arkadios Wealth Advisors now owns 13,205 shares of the transportation company’s stock valued at $671,000 after acquiring an additional 465 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Delta Air Lines by 47.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 84,100 shares of the transportation company’s stock valued at $4,271,000 after acquiring an additional 27,006 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Delta Air Lines by 6.2% during the third quarter. State of Alaska Department of Revenue now owns 74,495 shares of the transportation company’s stock valued at $3,783,000 after acquiring an additional 4,335 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DAL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. TD Cowen upped their price target on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group upped 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. Finally, Barclays upped their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Stock Up 2.5 %

Shares of NYSE:DAL opened at $61.51 on Tuesday. The company has a market capitalization of $39.76 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. 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 business has a fifty day moving average price of $64.28 and a two-hundred day moving average price of $56.73. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98.

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, beating 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 firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 0.98%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Insider Activity

In other news, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 in the last 90 days. Insiders own 0.96% of the company’s stock.

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.