Burns Matteson Capital Management LLC Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

Burns Matteson Capital Management LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,451 shares of the transportation company’s stock, valued at approximately $451,000.

Several other large investors also recently modified their holdings of DAL. Focused Wealth Management Inc purchased a new position in Delta Air Lines in the fourth quarter worth about $221,000. Kestra Private Wealth Services LLC lifted its stake in shares of Delta Air Lines by 2.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 22,380 shares of the transportation company’s stock worth $1,354,000 after purchasing an additional 474 shares during the period. Entropy Technologies LP purchased a new position in shares of Delta Air Lines in the fourth quarter worth approximately $1,353,000. Empirical Finance LLC grew its position in Delta Air Lines by 50.2% during the fourth quarter. Empirical Finance LLC now owns 33,207 shares of the transportation company’s stock valued at $2,009,000 after buying an additional 11,097 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its holdings in Delta Air Lines by 2.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 9,367 shares of the transportation company’s stock valued at $567,000 after buying an additional 256 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL stock opened at $68.14 on Monday. The company has a market capitalization of $43.97 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. The company’s fifty day moving average price is $64.01 and its 200-day moving average price is $54.85. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

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

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the sale, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,863 shares of company stock valued at $8,649,150 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Susquehanna lifted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. UBS Group restated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. Barclays lifted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Citigroup increased their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $78.22.

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.