Navellier & Associates Inc. Buys Shares of 3,853 Delta Air Lines, Inc. (NYSE:DAL)

Navellier & Associates Inc. bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,853 shares of the transportation company’s stock, valued at approximately $233,000.

Other hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its position in shares of Delta Air Lines by 5.4% during the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after purchasing an additional 13,802 shares during the period. KBC Group NV raised its position in shares of Delta Air Lines by 143.7% during the third quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock worth $2,876,000 after purchasing an additional 33,378 shares during the period. Olstein Capital Management L.P. raised its position in shares of Delta Air Lines by 32.6% during the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after purchasing an additional 43,000 shares during the period. Donoghue Forlines LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth about $2,036,000. Finally, River Road Asset Management LLC raised its position in shares of Delta Air Lines by 22.8% during the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock worth $6,634,000 after purchasing an additional 24,249 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DAL shares. TD Cowen raised their price target 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. Deutsche Bank Aktiengesellschaft lifted their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group reissued a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Citigroup lifted their target price on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Jefferies Financial Group lifted their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average price target of $78.22.

Delta Air Lines Stock Down 6.1 %

DAL stock opened at $59.88 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average price of $64.27 and a two-hundred day moving average price of $56.57. The company has a market cap of $38.71 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.75 and a beta of 1.36. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. Analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

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 paid a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Insider Transactions at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 162,886 shares of company stock worth $11,116,463. 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.