Dynasty Wealth Management LLC Makes New $938,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Dynasty Wealth Management LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,506 shares of the transportation company’s stock, valued at approximately $938,000.

Other institutional investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines during the 4th quarter valued at $27,000. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines during the fourth quarter worth $29,000. Hemington Wealth Management increased 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 buying an additional 154 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Delta Air Lines in the fourth quarter valued at about $30,000. Finally, Modus Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter valued at about $33,000. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction on 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 in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated 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 owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,886 shares of company stock worth $11,116,463. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Up 0.6 %

NYSE:DAL opened at $60.09 on Friday. The stock’s fifty day simple moving average is $64.33 and its 200-day simple moving average is $57.09. The firm has a market capitalization of $38.85 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.75 and a beta of 1.36. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current 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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s payout ratio is presently 11.26%.

Analysts Set New Price Targets

DAL has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Finally, TD Cowen lifted their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $78.22.

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.