Bradley & Co. Private Wealth Management LLC Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,868 shares of the transportation company’s stock, valued at approximately $355,000.

A number of other large investors also recently modified their holdings of DAL. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines during the fourth quarter valued at approximately $27,000. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at $29,000. Hemington Wealth Management boosted its stake in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Delta Air Lines during the 4th quarter valued at $30,000. Finally, Modus Advisors LLC purchased a new position in Delta Air Lines in the 4th quarter worth $33,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Price Performance

Shares of DAL stock opened at $61.78 on Wednesday. The business’s fifty day moving average is $64.30 and its 200 day moving average is $56.89. 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 $39.94 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 0.75 and a beta of 1.36. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98.

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

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Wall Street Analyst Weigh In

DAL has been the subject of several analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Barclays increased their target price on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. UBS Group reaffirmed a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Finally, Citigroup raised their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $78.22.

Insider Transactions at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. 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 ninety days. 0.96% of the stock is currently owned by corporate insiders.

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.