Pinnacle Wealth Planning Services Inc. Acquires New Shares in Delta Air Lines, Inc. (NYSE:DAL)

Pinnacle Wealth Planning Services Inc. acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 4,670 shares of the transportation company’s stock, valued at approximately $283,000.

A number of other hedge funds have also bought and sold shares of DAL. Farther Finance Advisors LLC grew its stake in Delta Air Lines by 16.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,357 shares of the transportation company’s stock valued at $272,000 after buying an additional 757 shares in the last quarter. Van ECK Associates Corp grew its stake in Delta Air Lines by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company’s stock valued at $229,000 after buying an additional 239 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Delta Air Lines by 10.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 116,764 shares of the transportation company’s stock valued at $5,930,000 after buying an additional 10,881 shares in the last quarter. Principal Financial Group Inc. grew its stake in Delta Air Lines by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 742,773 shares of the transportation company’s stock valued at $37,725,000 after buying an additional 19,124 shares in the last quarter. Finally, AIA Group Ltd grew its stake in Delta Air Lines by 3.1% in the 3rd quarter. AIA Group Ltd now owns 108,056 shares of the transportation company’s stock valued at $5,488,000 after buying an additional 3,212 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DAL shares. Citigroup boosted their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. TD Cowen boosted their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Barclays boosted their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Susquehanna boosted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Delta Air Lines has an average rating of “Buy” and an average target price of $78.22.

Delta Air Lines Stock Performance

NYSE DAL opened at $53.18 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The company has a market capitalization of $34.38 billion, a P/E ratio of 9.98, a P/E/G ratio of 0.75 and a beta of 1.34. The company has a fifty day moving average of $63.68 and a 200-day moving average of $57.63. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

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

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.13%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 over the last three months. Insiders own 0.96% of the company’s stock.

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.