Kestra Private Wealth Services LLC Has $1.35 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Kestra Private Wealth Services LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,380 shares of the transportation company’s stock after buying an additional 474 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Delta Air Lines were worth $1,354,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group reissued a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Citigroup lifted their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group restated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group increased their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $78.22.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the transaction, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 162,886 shares of company stock worth $11,116,463. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $66.35 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a market cap of $42.81 billion, a PE ratio of 12.45, a P/E/G ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The business’s 50-day moving average price is $64.11 and its two-hundred day moving average price is $55.24.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 5.61% and a return on equity of 30.43%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 EPS. As a group, analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is currently 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.