Delta Air Lines, Inc. $DAL Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,868 shares of the transportation company’s stock after purchasing an additional 14,783 shares during the period. Crossmark Global Holdings Inc.’s holdings in Delta Air Lines were worth $17,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in DAL. AlphaQuest LLC increased its holdings in Delta Air Lines by 90.6% in the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after buying an additional 211 shares in the last quarter. Accredited Wealth Management LLC boosted its stake in shares of Delta Air Lines by 1,983.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after acquiring an additional 476 shares in the last quarter. SWAN Capital LLC boosted its stake in shares of Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after acquiring an additional 508 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Delta Air Lines by 451.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 429 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines News Summary

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: UBS raised its price target on Delta to $95, highlighting confidence in the airline’s premium-cabin strategy and potential for stronger earnings per share, which can boost investor sentiment. UBS Just Hiked Delta Air Lines Price Target to $95: Premium Cabin Strategy Targets $13 EPS
• Positive Sentiment: Delta has outperformed since its last earnings report, suggesting the market is still rewarding the company’s recent quarterly results and outlook. Why Is Delta (DAL) Up 7.8% Since Last Earnings Report?
• Positive Sentiment: Airfare pricing across the industry is rising sharply after Spirit’s liquidation, which could support Delta’s revenue per seat if demand remains firm. Airfares skyrocket as much as 218% on Spirit Airlines’ busiest routes within just 48 hours of its May 2 liquidation

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $70.26, for a total value of $7,026,000.00. Following the completion of the sale, the chief executive officer owned 1,363,448 shares of the company’s stock, valued at approximately $95,795,856.48. This represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Alain Bellemare sold 20,621 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $72.75, for a total transaction of $1,500,177.75. Following the sale, the executive vice president owned 120,025 shares of the company’s stock, valued at approximately $8,731,818.75. The trade was a 14.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 278,737 shares of company stock valued at $19,868,268 over the last 90 days. Insiders own 0.80% of the company’s stock.

Delta Air Lines Trading Up 0.3%

DAL opened at $73.31 on Friday. The firm has a market capitalization of $48.16 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25. The company’s 50 day simple moving average is $66.34 and its two-hundred day simple moving average is $66.29. Delta Air Lines, Inc. has a 1-year low of $45.28 and a 1-year high of $76.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. During the same quarter last year, the firm earned $0.46 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that Delta Air Lines, Inc. will post 5.3 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, May 14th. Delta Air Lines’s dividend payout ratio is presently 10.93%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Argus upped their price target on Delta Air Lines from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Jefferies Financial Group upped their target price on Delta Air Lines from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Raymond James Financial lifted their price target on shares of Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 9th. UBS Group upped their price objective on shares of Delta Air Lines from $86.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $81.00 price objective on shares of Delta Air Lines in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.47.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.