Schear Investment Advisers LLC Has $1.61 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Schear Investment Advisers LLC grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,522 shares of the transportation company’s stock after purchasing an additional 1,536 shares during the quarter. Schear Investment Advisers LLC’s holdings in Delta Air Lines were worth $1,605,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines in the fourth quarter worth approximately $27,000. Crews Bank & Trust bought a new stake in Delta Air Lines in the fourth quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines during the third quarter valued at about $31,000. Modus Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth about $33,000. Finally, Harbor Investment Advisory LLC boosted its position in shares of Delta Air Lines by 217.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after purchasing an additional 380 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays raised their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Susquehanna upped their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. UBS Group reiterated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Finally, StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average target price of $78.22.

Insiders Place Their Bets

In related news, EVP Rahul D. Samant sold 17,970 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the transaction, the executive vice president now owns 35,889 shares in the company, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,863 shares of company stock worth $8,649,150 over the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 2.2 %

Shares of DAL stock opened at $64.74 on Wednesday. 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. The stock has a 50 day moving average of $64.07 and a 200 day moving average of $55.09. The stock has a market cap of $41.77 billion, a P/E ratio of 12.15, a P/E/G ratio of 0.80 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last announced 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. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 EPS. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

Delta Air Lines 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.