Jones Financial Companies Lllp Raises Stake in Delta Air Lines, Inc. (NYSE:DAL)

Jones Financial Companies Lllp raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 10.6% during the fourth quarter, HoldingsChannel reports. The firm owned 53,092 shares of the transportation company’s stock after buying an additional 5,085 shares during the quarter. Jones Financial Companies Lllp’s holdings in Delta Air Lines were worth $3,212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth $27,000. Hemington Wealth Management lifted its holdings in 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. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth about $29,000. Crews Bank & Trust purchased a new position in shares of Delta Air Lines in the 4th quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter worth about $31,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research analyst reports. Citigroup upped their price target on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. UBS Group restated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Susquehanna upped their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $78.22.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the transaction, the executive vice president now owns 35,889 shares in the company, valued at approximately $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The transaction 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 the business’s stock in a transaction 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 sale, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock worth $11,116,463 over the last ninety days. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Stock Up 3.9 %

DAL opened at $56.83 on Thursday. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The business has a 50 day moving average price of $63.99 and a two-hundred day moving average price of $57.56. 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 company has a market cap of $36.74 billion, a PE ratio of 10.66, a P/E/G ratio of 0.75 and a beta of 1.34.

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

Delta Air Lines Dividend Announcement

The company 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 $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is 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.