Beck Bode LLC Takes $1.36 Million Position in Delta Air Lines, Inc. $DAL

Beck Bode LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 19,563 shares of the transportation company’s stock, valued at approximately $1,358,000.

A number of other hedge funds have also made changes to their positions in DAL. AlphaQuest LLC grew its stake in Delta Air Lines by 90.6% during the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after buying an additional 211 shares during the last quarter. Accredited Wealth Management LLC grew its stake in 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 buying an additional 476 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in Delta Air Lines during the 4th quarter worth approximately $31,000. SWAN Capital LLC grew its stake in 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 buying an additional 508 shares during the last quarter. Finally, Camelot Portfolios LLC purchased a new position in Delta Air Lines during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.7%

Delta Air Lines stock opened at $76.16 on Friday. Delta Air Lines, Inc. has a twelve month low of $45.28 and a twelve month high of $77.10. The stock has a 50 day moving average of $68.23 and a two-hundred day moving average of $67.20. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $50.04 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.10 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts expect that Delta Air Lines, Inc. will post 5.26 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.93%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Raymond James Financial raised their price target on Delta Air Lines from $76.00 to $80.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 9th. Seaport Research Partners raised their price target on Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. TD Cowen raised their price target on Delta Air Lines from $76.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Wolfe Research dropped their price target on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Finally, Zacks Research upgraded Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.76.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $70.26, for a total transaction of $7,026,000.00. Following the completion of the sale, the chief executive officer directly owned 1,363,448 shares of the company’s stock, valued at approximately $95,795,856.48. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 20,621 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $72.75, for a total value of $1,500,177.75. Following the sale, the executive vice president directly owned 120,025 shares of the company’s stock, valued at $8,731,818.75. The trade was a 14.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 204,925 shares of company stock valued at $14,323,395. 0.80% of the stock is owned by company insiders.

Delta Air Lines Company Profile

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.