Cider Mill Investments LP bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 130,300 shares of the transportation company’s stock, valued at approximately $7,297,000. Delta Air Lines accounts for 3.0% of Cider Mill Investments LP’s portfolio, making the stock its 16th largest holding.
A number of other institutional investors and hedge funds also recently bought and sold shares of DAL. Baker Ellis Asset Management LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth approximately $106,000. SeaCrest Wealth Management LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth approximately $121,000. Global Trust Asset Management LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth approximately $185,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Delta Air Lines by 233.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock worth $196,000 after purchasing an additional 2,450 shares during the period. Finally, Nadler Financial Group Inc. bought a new position in shares of Delta Air Lines in the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 90.05% of the company’s stock.
In related news, CFO Paul A. Jacobson sold 49,362 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $60.20, for a total value of $2,971,592.40. 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 73,211 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $56.04, for a total transaction of $4,102,744.44. Following the completion of the transaction, the chief executive officer now directly owns 338,719 shares of the company’s stock, valued at $18,981,812.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 323,638 shares of company stock valued at $18,537,123. 0.37% of the stock is currently owned by insiders.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.27%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the firm posted $0.82 EPS. The company’s revenue was up 8.3% on a year-over-year basis. equities research analysts anticipate that Delta Air Lines, Inc. will post 6.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Thursday, February 22nd. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.70%.
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Delta Air Lines to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Vetr upgraded shares of Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $66.79 price objective on the stock in a research note on Tuesday, February 27th. Morgan Stanley lowered their price objective on shares of Delta Air Lines from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Friday, February 23rd. Zacks Investment Research upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Thursday, February 8th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $65.00 price objective (up previously from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. Delta Air Lines has an average rating of “Buy” and an average target price of $67.05.
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Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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