Dana Investment Advisors Inc. Has $13.73 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Dana Investment Advisors Inc. raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 226,913 shares of the transportation company’s stock after buying an additional 4,065 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Delta Air Lines were worth $13,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC bought a new stake in shares of Delta Air Lines in the fourth quarter worth about $27,000. Hemington Wealth Management increased its holdings in shares of Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines in the fourth quarter worth about $29,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines in the fourth quarter worth about $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Delta Air Lines in the third quarter worth about $31,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DAL. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group reiterated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. Barclays increased their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Stock Up 3.9 %

DAL stock opened at $56.83 on Thursday. 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 business has a 50 day moving average price of $63.99 and a two-hundred day moving average price of $57.56. The company has a market cap of $36.74 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 0.75 and a beta of 1.34. 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 posted its quarterly earnings results 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 firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. Analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed 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 is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.06%. Delta Air Lines’s payout ratio is 11.26%.

Insider Activity

In other news, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the sale, the senior vice president now directly owns 10,016 shares of the company’s stock, valued at approximately $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 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.

About Delta Air Lines

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.