11,603 Shares in Delta Air Lines, Inc. (NYSE:DAL) Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 11,603 shares of the transportation company’s stock, valued at approximately $702,000.

Several other large investors also recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines during the third quarter worth approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at $27,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines during the 4th quarter worth $30,000. Ashton Thomas Securities LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter worth $31,000. Finally, Modus Advisors LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $33,000. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. This trade represents 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 17,970 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold 124,863 shares of company stock worth $8,649,150 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $68.14 on Friday. The business’s 50-day simple moving average is $63.93 and its 200-day simple moving average is $54.60. 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, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The firm has a market cap of $43.97 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 0.78 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter last year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is 11.26%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DAL. Barclays increased their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group restated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Wednesday. TD Cowen boosted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group raised their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $78.22.

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.