NEOS Investment Management LLC Buys 8,707 Shares of Delta Air Lines, Inc. (NYSE:DAL)

NEOS Investment Management LLC boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 30.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 36,891 shares of the transportation company’s stock after buying an additional 8,707 shares during the period. NEOS Investment Management LLC’s holdings in Delta Air Lines were worth $2,232,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $27,000. Hemington Wealth Management boosted its stake 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 purchasing an additional 154 shares during the period. Roxbury Financial LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $29,000. Crews Bank & Trust bought a new position in Delta Air Lines during the 4th quarter worth $30,000. Finally, Modus Advisors LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $33,000. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Price Performance

DAL stock opened at $43.80 on Friday. The stock has a market cap of $28.31 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 0.75 and a beta of 1.34. 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 50 day simple moving average of $58.94 and a 200 day simple moving average of $58.18. 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 announced 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. The company had revenue of $15.56 billion during 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%. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. Research 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 declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.26%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DAL. Barclays decreased their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. UBS Group lowered their target price on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Citigroup cut their price target on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Susquehanna raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Finally, StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $76.29.

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The sale 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 Delta Air Lines stock in a transaction on 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 transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 over the last quarter. 0.96% of the stock is owned by company insiders.

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.