Berger Financial Group Inc Has $500,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Berger Financial Group Inc trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,265 shares of the transportation company’s stock after selling 359 shares during the quarter. Berger Financial Group Inc’s holdings in Delta Air Lines were worth $500,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines during the fourth quarter worth about $27,000. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines during the 4th quarter valued at approximately $29,000. Hemington Wealth Management grew its holdings in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares during the last quarter. Crews Bank & Trust acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock worth $32,000 after buying an additional 431 shares during the period. 69.93% of the stock is owned by institutional investors.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the sale, the executive vice president now directly owns 35,889 shares of the company’s stock, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the transaction, the senior vice president now owns 10,016 shares of the company’s stock, valued at $660,455.04. This represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,776 shares of company stock worth $4,155,951 over the last ninety days. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Stock Up 0.9 %

Shares of NYSE:DAL opened at $41.95 on Tuesday. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The firm has a fifty day moving average of $46.84 and a 200 day moving average of $57.03. The firm has a market capitalization of $27.39 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. Delta Air Lines’s revenue was down 5.6% compared to the same quarter last year. As a group, research 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 announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.43%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.64%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DAL shares. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Jefferies Financial Group reiterated a “hold” rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Susquehanna cut their price target on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a research note on Monday, April 7th. TD Cowen lifted their price target on Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group dropped their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.06.

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.