Stephens Inc. AR Has $2.02 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Stephens Inc. AR reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 33,358 shares of the transportation company’s stock after selling 2,078 shares during the quarter. Stephens Inc. AR’s holdings in Delta Air Lines were worth $2,018,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DAL. CWM LLC raised its stake in Delta Air Lines by 87.5% during the 3rd quarter. CWM LLC now owns 34,919 shares of the transportation company’s stock valued at $1,774,000 after purchasing an additional 16,294 shares during the period. Inspire Investing LLC grew its holdings in shares of Delta Air Lines by 14.9% during the third quarter. Inspire Investing LLC now owns 18,150 shares of the transportation company’s stock valued at $922,000 after buying an additional 2,352 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Delta Air Lines during the third quarter valued at $341,000. Koshinski Asset Management Inc. purchased a new stake in Delta Air Lines in the 3rd quarter worth about $215,000. Finally, Sound Income Strategies LLC boosted its position in Delta Air Lines by 51.0% during the 3rd quarter. Sound Income Strategies LLC now owns 1,697 shares of the transportation company’s stock worth $86,000 after acquiring an additional 573 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In other news, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the sale, the senior vice president now directly owns 10,016 shares in the company, valued at approximately $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction on 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 completion of 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 trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,863 shares of company stock worth $8,649,150 in the last ninety days. 0.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DAL has been the subject of several research reports. Barclays raised their price target 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. Susquehanna boosted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Jefferies Financial Group upped their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen lifted their price objective on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Stock Down 2.2 %

Delta Air Lines stock opened at $64.74 on Wednesday. The firm has a market cap of $41.77 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 0.80 and a beta of 1.36. The firm has a fifty day moving average price of $64.07 and a two-hundred day moving average price of $55.09. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week 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 announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 EPS. As a group, analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business 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. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.26%.

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.