Conscious Wealth Investments LLC Has $5.21 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Conscious Wealth Investments LLC reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,144 shares of the transportation company’s stock after selling 1,169 shares during the period. Delta Air Lines accounts for approximately 3.5% of Conscious Wealth Investments LLC’s portfolio, making the stock its 6th largest position. Conscious Wealth Investments LLC’s holdings in Delta Air Lines were worth $5,209,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DAL. Allspring Global Investments Holdings LLC grew its position in shares of Delta Air Lines by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 36,948 shares of the transportation company’s stock worth $1,877,000 after buying an additional 699 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in Delta Air Lines in the third quarter worth $205,000. Sequoia Financial Advisors LLC boosted its holdings in Delta Air Lines by 9.2% in the third quarter. Sequoia Financial Advisors LLC now owns 15,274 shares of the transportation company’s stock valued at $776,000 after acquiring an additional 1,287 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Delta Air Lines by 1,306.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 311,271 shares of the transportation company’s stock valued at $15,809,000 after purchasing an additional 289,143 shares during the period. Finally, Joel Isaacson & Co. LLC purchased a new position in Delta Air Lines during the 3rd quarter valued at $584,000. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $59.88 on Monday. The business has a fifty day moving average price of $64.27 and a 200-day moving average price of $56.57. 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 market capitalization of $38.71 billion, a PE ratio of 11.23, a PEG ratio of 0.75 and a beta of 1.36. 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 released its quarterly earnings data 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 business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $1.28 EPS. As a group, equities analysts expect 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. Shareholders 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 yield of 1.00%. Delta Air Lines’s dividend payout ratio is 11.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen lifted their price objective on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Barclays increased their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Susquehanna lifted their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Finally, Citigroup increased their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average price target of $78.22.

Insiders Place Their Bets

In related news, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares of the company’s stock, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction 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 transaction, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 162,886 shares of company stock valued at $11,116,463. Corporate insiders own 0.96% of the company’s stock.

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.