Center for Financial Planning Inc. Has $425,000 Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Center for Financial Planning Inc. grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 5,021.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,017 shares of the transportation company’s stock after buying an additional 6,880 shares during the quarter. Center for Financial Planning Inc.’s holdings in Delta Air Lines were worth $425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Hemington Wealth Management grew its stake in shares of Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares in the last quarter. Mason & Associates Inc grew its stake in Delta Air Lines by 3.2% during the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after buying an additional 160 shares in the last quarter. DAVENPORT & Co LLC grew its stake in Delta Air Lines by 1.2% during the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock worth $865,000 after buying an additional 173 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in Delta Air Lines by 10.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after buying an additional 175 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in Delta Air Lines by 3.7% during the fourth quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock worth $319,000 after buying an additional 188 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of analyst reports. Citigroup increased their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. UBS Group reiterated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Jefferies Financial Group increased their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Susquehanna increased their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $78.22.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Stock Up 2.1 %

Shares of NYSE DAL opened at $65.41 on Friday. The company has a 50 day simple moving average of $64.12 and a 200 day simple moving average of $55.38. The firm has a market cap of $42.21 billion, a PE ratio of 12.27, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

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. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter last year, the business earned $1.28 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.92%. Delta Air Lines’s payout ratio is 11.26%.

Delta Air Lines 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.