Roxbury Financial LLC Makes New $29,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Roxbury Financial LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 448 shares of the transportation company’s stock, valued at approximately $29,000.

A number of other large investors have also recently added to or reduced their stakes in DAL. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines during the 4th quarter worth about $27,000. Hemington Wealth Management boosted its stake in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after buying an additional 154 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of Delta Air Lines during the 4th quarter worth about $30,000. Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines during the 3rd quarter worth about $31,000. Finally, Modus Advisors LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth about $33,000. Institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 directly owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, 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. Over the last ninety days, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DAL shares. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Barclays increased their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. UBS Group restated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen raised their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $78.22.

Delta Air Lines Stock Up 2.1 %

Delta Air Lines stock opened at $65.41 on Friday. The stock has a market cap of $42.21 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.80 and a beta of 1.36. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98. The company’s 50-day moving average price is $64.14 and its two-hundred day moving average price is $55.53.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 EPS. As a group, analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current 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 issued 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 0.92%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

About Delta Air Lines

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.