Captrust Financial Advisors Boosts Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Captrust Financial Advisors lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,659 shares of the transportation company’s stock after purchasing an additional 2,117 shares during the period. Captrust Financial Advisors’ holdings in Delta Air Lines were worth $3,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at about $27,000. Hemington Wealth Management raised its holdings in Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC purchased a new position in Delta Air Lines in the 4th quarter worth approximately $29,000. Crews Bank & Trust acquired a new position in shares of Delta Air Lines during the 4th quarter worth approximately $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 431 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the sale, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.88% of the stock is owned by corporate insiders.

Delta Air Lines Stock Performance

NYSE DAL opened at $48.28 on Friday. The company has a market cap of $31.52 billion, a P/E ratio of 9.06, a P/E/G ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. 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 stock has a 50-day moving average of $44.06 and a two-hundred day moving average of $56.39.

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

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.24%. Delta Air Lines’s dividend payout ratio (DPR) is 10.64%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DAL shares. Jefferies Financial Group reissued a “hold” rating and set a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Susquehanna cut their price objective on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group decreased their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Finally, Bank of America decreased their price objective on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.37.

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.