Level Four Advisory Services LLC Raises Stake in Delta Air Lines, Inc. (NYSE:DAL)

Level Four Advisory Services LLC boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 11.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,250 shares of the transportation company’s stock after buying an additional 441 shares during the quarter. Level Four Advisory Services LLC’s holdings in Delta Air Lines were worth $257,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DAL. New Wave Wealth Advisors LLC purchased a new position in shares of Delta Air Lines during the fourth quarter worth $27,000. Hemington Wealth Management grew its stake in shares of Delta Air Lines by 48.1% during 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 purchased a new position in Delta Air Lines in the fourth quarter valued at $29,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines during the 4th quarter worth about $30,000. Finally, Modus Advisors LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at about $33,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on 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 $660,455.04. This represents a 40.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Stock Down 2.8 %

Shares of Delta Air Lines stock opened at $42.38 on Wednesday. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The company has a 50 day moving average of $57.98 and a 200 day moving average of $58.36. 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 company has a market capitalization of $27.40 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS 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 analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 earnings per share. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.42%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Wall Street Analyst Weigh In

DAL has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. TD Cowen raised their target price on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, Barclays decreased their target price on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Delta Air Lines currently has an average rating of “Moderate Buy” and a consensus price target of $74.29.

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.