American Financial Advisors LLC Boosts Position in Delta Air Lines, Inc. (NYSE:DAL)

American Financial Advisors LLC increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,946 shares of the transportation company’s stock after purchasing an additional 5,014 shares during the quarter. Delta Air Lines makes up approximately 0.9% of American Financial Advisors LLC’s portfolio, making the stock its 28th biggest position. American Financial Advisors LLC’s holdings in Delta Air Lines were worth $5,791,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DAL. Perigon Wealth Management LLC lifted its stake in Delta Air Lines by 10.4% in the third quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company’s stock valued at $382,000 after buying an additional 969 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Delta Air Lines by 132.3% in the fourth quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock valued at $18,777,000 after acquiring an additional 265,852 shares during the period. Capital Advisors Inc. OK acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $4,241,000. Meeder Asset Management Inc. boosted its holdings in shares of Delta Air Lines by 325.5% in the fourth quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock valued at $3,124,000 after acquiring an additional 59,398 shares during the period. Finally, U S Global Investors Inc. boosted its holdings in shares of Delta Air Lines by 21.1% in the fourth quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock valued at $178,400,000 after acquiring an additional 773,636 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DAL. TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. UBS Group initiated coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Bank of America increased their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $58.29.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the sale, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.89% of the stock is owned by corporate insiders.

Delta Air Lines Price Performance

Shares of DAL stock traded down $0.28 during mid-day trading on Friday, reaching $47.57. The stock had a trading volume of 9,269,159 shares, compared to its average volume of 10,882,577. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $49.81. The company has a market cap of $30.70 billion, a P/E ratio of 6.17, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The business has a 50-day simple moving average of $44.02 and a 200 day simple moving average of $39.64. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is presently 5.14%.

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.