Kingsview Wealth Management LLC Grows Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Kingsview Wealth Management LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,559 shares of the transportation company’s stock after buying an additional 1,366 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Delta Air Lines were worth $1,667,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $27,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at $30,000. Modus Advisors LLC acquired a new position in Delta Air Lines in the fourth quarter valued at $33,000. Harbor Investment Advisory LLC lifted its position in Delta Air Lines by 217.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after buying an additional 380 shares during the period. Finally, Sugar Maple Asset Management LLC acquired a new stake in Delta Air Lines in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the sale, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,863 shares of company stock valued at $8,649,150 in the last three months. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DAL shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. TD Cowen lifted their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Citigroup upped their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Finally, Barclays upped their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Price Performance

Shares of DAL stock opened at $66.20 on Tuesday. The firm has a fifty day simple moving average of $64.01 and a 200-day simple moving average of $54.93. The company has a market capitalization of $42.72 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same period in the prior year, the company posted $1.28 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.91%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

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.