Schechter Investment Advisors LLC Grows Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Schechter Investment Advisors LLC increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 61.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,000 shares of the transportation company’s stock after buying an additional 7,221 shares during the period. Schechter Investment Advisors LLC’s holdings in Delta Air Lines were worth $1,149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAL. New Wave Wealth Advisors LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $27,000. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $29,000. Hemington Wealth Management increased its position in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $30,000. Finally, Modus Advisors LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

DAL has been the subject of several research analyst reports. UBS Group reissued a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Barclays boosted their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen boosted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Citigroup boosted their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $78.22.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were 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 approximately $30,721,357.15. This represents a 17.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Down 2.9 %

Delta Air Lines stock opened at $58.36 on Tuesday. 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 firm has a 50-day moving average price of $64.26 and a two-hundred day moving average price of $57.47. The firm has a market capitalization of $37.73 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.75 and a beta of 1.36. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its earnings results 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 firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 EPS. Sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

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.