Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Balboa Wealth Partners

Balboa Wealth Partners grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,146 shares of the transportation company’s stock after purchasing an additional 261 shares during the quarter. Balboa Wealth Partners’ holdings in Delta Air Lines were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC purchased a new position in shares of Delta Air Lines during the fourth quarter worth approximately $27,000. Venturi Wealth Management LLC grew its position in Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after buying an additional 575 shares during the last quarter. Manchester Capital Management LLC grew its position in Delta Air Lines by 26,166.7% in the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock valued at $32,000 after buying an additional 785 shares during the last quarter. Headlands Technologies LLC purchased a new position in Delta Air Lines in the 3rd quarter valued at $35,000. Finally, Nordwand Advisors LLC purchased a new position in Delta Air Lines in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DAL shares. Susquehanna lifted their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research report on Tuesday, April 9th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. UBS Group initiated coverage on Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price for the company. HSBC initiated coverage on Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $59.25.

Insider Buying and Selling at Delta Air Lines

In other news, Director Willie Cw Chiang bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $495,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Willie Cw Chiang bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $495,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the transaction, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. Insiders sold 178,919 shares of company stock worth $8,834,653 in the last 90 days. 0.96% of the stock is owned by company insiders.

Delta Air Lines Price Performance

Shares of NYSE:DAL traded down $0.56 during midday trading on Thursday, hitting $51.02. 2,475,201 shares of the stock were exchanged, compared to its average volume of 10,080,896. The stock has a market cap of $32.92 billion, a P/E ratio of 6.63, a PEG ratio of 0.76 and a beta of 1.38. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The company has a 50 day moving average price of $48.67 and a 200-day moving average price of $42.64.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS. On average, research analysts forecast that Delta Air Lines, Inc. will post 6.66 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

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.