Choreo LLC Has $1.44 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Choreo LLC lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 21.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,655 shares of the transportation company’s stock after buying an additional 4,114 shares during the period. Choreo LLC’s holdings in Delta Air Lines were worth $1,436,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Mason & Associates Inc raised its holdings in shares of Delta Air Lines by 3.2% during the 4th 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 position in Delta Air Lines by 1.2% during the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock worth $865,000 after acquiring an additional 173 shares during the last quarter. Armstrong Advisory Group Inc. grew its position in Delta Air Lines by 10.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after acquiring an additional 175 shares during the last quarter. Ballentine Partners LLC grew its position in Delta Air Lines by 3.7% during the 4th quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock worth $319,000 after acquiring an additional 188 shares during the last quarter. Finally, Huntington National Bank grew its position in Delta Air Lines by 2.9% during the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock worth $339,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the company’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 value of $554,568.00. Following the transaction, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 124,863 shares of company stock worth $8,649,150 in the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Up 0.3 %

Shares of Delta Air Lines stock opened at $68.14 on Friday. Delta Air Lines, Inc. has a one year low of $37.29 and a one 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. The stock’s 50-day moving average is $63.93 and its 200 day moving average is $54.60. The firm has a market cap of $43.97 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.78 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last announced its 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 analyst estimates of $14.20 billion. During the same quarter in the prior year, the company earned $1.28 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given 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 dividend yield of 0.88%. Delta Air Lines’s payout ratio is 11.26%.

Analyst Ratings Changes

DAL has been the topic of a number of research reports. Susquehanna boosted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. TD Cowen boosted their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Citigroup boosted their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Company 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.