Biltmore Family Office LLC Takes $259,000 Position in Delta Air Lines (DAL)

Biltmore Family Office LLC bought a new stake in Delta Air Lines (NYSE:DAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,618 shares of the transportation company’s stock, valued at approximately $259,000.

A number of other large investors have also bought and sold shares of DAL. Baker Ellis Asset Management LLC bought a new stake in Delta Air Lines during the fourth quarter worth about $106,000. SeaCrest Wealth Management LLC bought a new stake in Delta Air Lines during the fourth quarter worth about $121,000. Global Trust Asset Management LLC bought a new stake in Delta Air Lines in the fourth quarter valued at approximately $185,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Delta Air Lines by 233.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock valued at $196,000 after buying an additional 2,450 shares during the period. Finally, Nadler Financial Group Inc. bought a new stake in Delta Air Lines in the fourth quarter valued at approximately $202,000. 87.59% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director George N. Mattson purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average cost of $51.89 per share, for a total transaction of $518,900.00. Following the purchase, the director now owns 66,510 shares of the company’s stock, valued at $3,451,203.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul A. Jacobson sold 49,362 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $60.20, for a total value of $2,971,592.40. The disclosure for this sale can be found here. Insiders have sold 114,250 shares of company stock valued at $6,794,500 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

DAL has been the topic of several research analyst reports. Stephens set a $71.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research note on Thursday, March 29th. Imperial Capital restated an “outperform” rating and issued a $65.00 price objective (up previously from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th. Morgan Stanley decreased their target price on Delta Air Lines from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Sanford C. Bernstein set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $67.75.

NYSE DAL traded down $1.16 on Friday, hitting $53.05. 6,918,673 shares of the company’s stock were exchanged, compared to its average volume of 6,395,710. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines has a 52 week low of $43.81 and a 52 week high of $60.79. The stock has a market capitalization of $37,501.73, a PE ratio of 10.76 and a beta of 1.08.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.27% and a net margin of 8.67%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. sell-side analysts expect that Delta Air Lines will post 6.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 2.30%. The ex-dividend date was Thursday, February 22nd. Delta Air Lines’s payout ratio is presently 24.75%.

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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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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