Lake Street Advisors Group LLC Has $295,000 Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Lake Street Advisors Group LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,881 shares of the transportation company’s stock after purchasing an additional 261 shares during the period. Lake Street Advisors Group LLC’s holdings in Delta Air Lines were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter worth $27,000. Hemington Wealth Management boosted its stake in Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the period. Roxbury Financial LLC acquired a new position in Delta Air Lines in the 4th quarter worth $29,000. Crews Bank & Trust acquired a new position in shares of Delta Air Lines during the 4th quarter worth about $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines during the 3rd quarter worth about $31,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the firm’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 transaction of $2,467,312.47. Following the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 in the last three months. 0.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DAL shares. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Susquehanna increased their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. UBS Group restated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Finally, Barclays increased their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $78.22.

Delta Air Lines Trading Up 0.6 %

Shares of NYSE:DAL opened at $60.09 on Friday. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The company has a market capitalization of $38.85 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The company has a 50-day simple moving average of $64.33 and a 200 day simple moving average of $57.09. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 EPS. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.00%. Delta Air Lines’s dividend 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.