Treasurer of the State of North Carolina Purchases 1,780 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Treasurer of the State of North Carolina grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 0.6% during the fourth quarter, HoldingsChannel reports. The firm owned 283,300 shares of the transportation company’s stock after buying an additional 1,780 shares during the period. Treasurer of the State of North Carolina’s holdings in Delta Air Lines were worth $17,140,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

DAL has been the topic of a number of research analyst reports. Susquehanna cut their price target 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. Dbs Bank lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. TD Cowen lifted their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group cut shares of Delta Air Lines from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $77.00 to $42.00 in a research report on Monday. Finally, The Goldman Sachs Group decreased their target price on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Four investment 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 stock. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Moderate Buy” and an average target price of $61.06.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of the business’s 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the sale, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $40.88 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The business’s 50 day simple moving average is $52.37 and its 200 day simple moving average is $57.69. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The company has a market cap of $26.43 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last posted its quarterly 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 firm had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.26%.

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.