FSB Premier Wealth Management Inc. Makes New $202,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

FSB Premier Wealth Management Inc. acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,344 shares of the transportation company’s stock, valued at approximately $202,000.

A number of other large investors have also modified their holdings of DAL. O Shaughnessy Asset Management LLC increased its holdings in Delta Air Lines by 13.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 84,999 shares of the transportation company’s stock valued at $5,142,000 after buying an additional 10,024 shares during the period. CIBC Private Wealth Group LLC increased its stake in Delta Air Lines by 3.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 23,738 shares of the transportation company’s stock valued at $1,458,000 after acquiring an additional 688 shares during the period. L & S Advisors Inc acquired a new position in Delta Air Lines in the fourth quarter worth about $4,534,000. Intrust Bank NA lifted its stake in Delta Air Lines by 6.9% during the fourth quarter. Intrust Bank NA now owns 21,073 shares of the transportation company’s stock worth $1,275,000 after purchasing an additional 1,351 shares during the period. Finally, Allstate Corp acquired a new stake in Delta Air Lines during the fourth quarter valued at approximately $278,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DAL has been the subject of a number of recent research reports. UBS Group dropped their target price on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Susquehanna lifted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Barclays lowered their target price on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Finally, TD Cowen upped their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $76.29.

Delta Air Lines Stock Down 0.5 %

NYSE DAL opened at $43.62 on Tuesday. The stock has a market capitalization of $28.20 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The stock has a fifty day moving average of $58.50 and a 200-day moving average of $58.38.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period last year, the company earned $1.28 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.38%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by insiders.

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.