4,457 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by Stonehearth Capital Management LLC

Stonehearth Capital Management LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,457 shares of the transportation company’s stock, valued at approximately $213,000.

Several other hedge funds have also recently modified their holdings of the company. MeadowBrook Investment Advisors LLC bought a new stake in Delta Air Lines during the fourth quarter valued at $27,000. Venturi Wealth Management LLC lifted its position in Delta Air Lines by 396.6% during the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 575 shares during the period. Manchester Capital Management LLC increased its holdings in Delta Air Lines by 26,166.7% in the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after buying an additional 785 shares in the last quarter. Nordwand Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter worth about $40,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $42,000. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. Susquehanna upped their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Citigroup increased their price target on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, HSBC started coverage on Delta Air Lines in a research note on Monday, May 13th. They set a “buy” rating and a $72.80 target price for the company. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $59.85.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock traded down $0.13 during trading hours on Tuesday, reaching $49.58. The company had a trading volume of 4,956,677 shares, compared to its average volume of 9,614,403. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The firm has a market cap of $31.99 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The business has a fifty day simple moving average of $50.31 and a 200 day simple moving average of $44.61.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter last year, the business posted $0.25 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, analysts anticipate that Delta Air Lines, Inc. will post 6.66 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Monday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now directly owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the transaction, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Insiders have sold a total of 178,919 shares of company stock valued at $8,834,653 over the last three months. 0.96% of the stock is owned by company insiders.

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.