Navalign LLC Purchases 293 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Navalign LLC grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,402 shares of the transportation company’s stock after purchasing an additional 293 shares during the period. Navalign LLC’s holdings in Delta Air Lines were worth $700,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DAL. Parkside Financial Bank & Trust grew its holdings in Delta Air Lines by 10.1% during the second quarter. Parkside Financial Bank & Trust now owns 2,817 shares of the transportation company’s stock worth $134,000 after purchasing an additional 258 shares during the period. Forum Financial Management LP boosted its stake in Delta Air Lines by 3.5% in the 1st quarter. Forum Financial Management LP now owns 8,675 shares of the transportation company’s stock valued at $343,000 after purchasing an additional 292 shares during the period. Utah Retirement Systems grew its stake in shares of Delta Air Lines by 0.6% in the fourth quarter. Utah Retirement Systems now owns 54,325 shares of the transportation company’s stock valued at $1,785,000 after acquiring an additional 300 shares in the last quarter. Summit X LLC grew its position in shares of Delta Air Lines by 1.1% during the 3rd quarter. Summit X LLC now owns 28,205 shares of the transportation company’s stock worth $1,044,000 after purchasing an additional 307 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Delta Air Lines by 0.7% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 44,086 shares of the transportation company’s stock valued at $1,539,000 after acquiring an additional 309 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the sale, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.89% of the company’s stock.

Delta Air Lines Stock Up 1.2 %

Shares of NYSE DAL traded up $0.56 during trading on Thursday, hitting $47.87. 13,597,756 shares of the company traded hands, compared to its average volume of 10,256,826. The firm has a market capitalization of $30.80 billion, a price-to-earnings ratio of 6.70, a P/E/G ratio of 0.74 and a beta of 1.42. The business’s fifty day moving average is $41.49 and its 200 day moving average is $38.69. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.34 and a current ratio of 0.39. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $49.81.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 12th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Delta Air Lines had a return on equity of 46.35% and a net margin of 7.94%. The business had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $13.55 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts predict that Delta Air Lines, Inc. will post 6.57 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.59%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Finally, UBS Group initiated coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $55.79.

Delta Air Lines 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.