Strategic Financial Concepts LLC Takes $6.78 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Strategic Financial Concepts LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 112,075 shares of the transportation company’s stock, valued at approximately $6,781,000.

Several other hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. raised its holdings in shares of Delta Air Lines by 6.1% during the fourth quarter. Principal Securities Inc. now owns 18,382 shares of the transportation company’s stock valued at $1,112,000 after buying an additional 1,064 shares during the last quarter. Everhart Financial Group Inc. raised its stake in Delta Air Lines by 4.3% during the 4th quarter. Everhart Financial Group Inc. now owns 9,827 shares of the transportation company’s stock valued at $595,000 after acquiring an additional 403 shares in the last quarter. Roxbury Financial LLC acquired a new position in Delta Air Lines during the 4th quarter worth $29,000. Myriad Asset Management US LP bought a new position in shares of Delta Air Lines in the fourth quarter worth $1,539,000. Finally, Constant Guidance Financial LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at $452,000. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DAL shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. UBS Group reiterated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. TD Cowen upped their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Barclays increased their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Jefferies Financial Group boosted their price objective on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Stock Up 2.1 %

DAL stock opened at $65.41 on Friday. 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 firm has a market capitalization of $42.21 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The company’s 50 day simple moving average is $64.14 and its 200-day simple moving average is $55.53.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 EPS. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. Delta Air Lines’s dividend payout ratio is 11.26%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the 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 sale, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. This represents a 29.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the transaction, the executive vice president now owns 35,889 shares in the company, valued at approximately $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. 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 three months. 0.96% of the stock is owned by corporate insiders.

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.