Ladenburg Thalmann Financial Services Inc. grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 7.9% in the fourth quarter, Holdings Channel reports. The fund owned 74,750 shares of the transportation company’s stock after buying an additional 5,456 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Delta Air Lines were worth $4,187,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Baker Ellis Asset Management LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $106,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $121,000. Global Trust Asset Management LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $185,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Delta Air Lines by 233.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock valued at $196,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Nadler Financial Group Inc. acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $202,000. Institutional investors own 87.57% of the company’s stock.
Delta Air Lines, Inc. (NYSE DAL) opened at $55.96 on Tuesday. The firm has a market cap of $40,074.91, a price-to-earnings ratio of 11.33 and a beta of 1.16. Delta Air Lines, Inc. has a 52-week low of $43.81 and a 52-week high of $60.79. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.27%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. research analysts anticipate that Delta Air Lines, Inc. will post 6.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were given a $0.305 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.22 annualized dividend and a yield of 2.18%. Delta Air Lines’s dividend payout ratio is currently 24.70%.
In other Delta Air Lines news, Director George N. Mattson purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $51.89 per share, with a total value of $518,900.00. Following the transaction, the director now directly owns 66,510 shares of the company’s stock, valued at approximately $3,451,203.90. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Paul A. Jacobson sold 49,362 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $60.20, for a total transaction of $2,971,592.40. The disclosure for this sale can be found here. Insiders sold a total of 164,250 shares of company stock worth $9,618,000 over the last ninety days. 0.37% of the stock is currently owned by insiders.
A number of brokerages recently weighed in on DAL. Stephens set a $67.00 price target on shares of Delta Air Lines and gave the company a “buy” rating in a report on Monday, December 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Vetr lowered shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 target price for the company. in a report on Wednesday, November 29th. Cowen lifted their target price on shares of Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Finally, Morgan Stanley lifted their target price on shares of Delta Air Lines from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Delta Air Lines has a consensus rating of “Buy” and an average target price of $67.22.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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