112,075 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 112,075 shares of the transportation company’s stock, valued at approximately $6,781,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. lifted its holdings in Delta Air Lines by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after purchasing an additional 13,802 shares during the last quarter. KBC Group NV lifted its stake in shares of Delta Air Lines by 143.7% in the third quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock worth $2,876,000 after buying an additional 33,378 shares during the last quarter. Olstein Capital Management L.P. boosted its holdings in shares of Delta Air Lines by 32.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after buying an additional 43,000 shares during the period. Donoghue Forlines LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $2,036,000. Finally, River Road Asset Management LLC raised its holdings in Delta Air Lines by 22.8% in the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock worth $6,634,000 after acquiring an additional 24,249 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. UBS Group reaffirmed a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Jefferies Financial Group increased their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Barclays increased their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $78.22.

Delta Air Lines Trading Up 2.1 %

Shares of DAL opened at $65.41 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock has a market cap of $42.21 billion, a PE ratio of 12.27, a PEG ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The stock has a 50 day simple moving average of $64.14 and a 200-day simple moving average of $55.53.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $1.28 earnings per share. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s payout ratio is currently 11.26%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the sale, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 in the last three months. 0.96% of the stock is owned by corporate insiders.

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.