Machina Capital S.A.S. Makes New $322,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Machina Capital S.A.S. bought a new position in Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,320 shares of the transportation company’s stock, valued at approximately $322,000.

Other hedge funds have also made changes to their positions in the company. New Wave Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter worth $27,000. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter worth $29,000. Hemington Wealth Management lifted its holdings 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 worth $28,000 after buying an additional 154 shares during the period. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines in the 4th quarter worth $30,000. Finally, Modus Advisors LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter worth $33,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 value 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 represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value 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 represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,886 shares of company stock valued at $11,116,463. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Down 3.2 %

Shares of NYSE:DAL opened at $53.18 on Monday. The business’s 50-day moving average is $63.68 and its 200 day moving average is $57.88. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm 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 debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The business 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%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 earnings per share. On average, research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

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

Analysts Set New Price Targets

DAL has been the subject of several research reports. UBS Group reiterated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Jefferies Financial Group upped their price objective on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, Citigroup upped their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $78.22.

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.