Chung Wu Investment Group LLC Makes New $204,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Chung Wu Investment Group LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,380 shares of the transportation company’s stock, valued at approximately $204,000.

A number of other hedge funds also recently bought and sold shares of DAL. Farther Finance Advisors LLC lifted its position in Delta Air Lines by 16.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,357 shares of the transportation company’s stock valued at $272,000 after acquiring an additional 757 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in Delta Air Lines in the 3rd quarter valued at approximately $245,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Delta Air Lines by 7.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,674 shares of the transportation company’s stock valued at $898,000 after buying an additional 1,252 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Delta Air Lines by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock valued at $229,000 after buying an additional 239 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Delta Air Lines by 10.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 116,764 shares of the transportation company’s stock valued at $5,930,000 after buying an additional 10,881 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Barclays raised their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. TD Cowen raised their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, UBS Group reaffirmed a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. 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 company presently has a consensus rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Stock Up 3.9 %

Shares of NYSE:DAL opened at $56.83 on Thursday. The business has a 50 day simple moving average of $63.99 and a two-hundred day simple moving average of $57.56. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm has a market capitalization of $36.74 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 earnings per share. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 1.06%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

Insider Buying and Selling

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the transaction, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction 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. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 over the last 90 days. 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.