Kestra Investment Management LLC Buys Shares of 1,204 Delta Air Lines, Inc. (NYSE:DAL)

Kestra Investment Management LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,204 shares of the transportation company’s stock, valued at approximately $73,000.

Other institutional investors have also made changes to their positions in the company. Atria Wealth Solutions Inc. raised its position in Delta Air Lines by 4.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 13,824 shares of the transportation company’s stock valued at $836,000 after acquiring an additional 583 shares in the last quarter. Truist Financial Corp increased its stake in shares of Delta Air Lines by 7.9% during the 4th quarter. Truist Financial Corp now owns 160,130 shares of the transportation company’s stock worth $9,688,000 after purchasing an additional 11,777 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Delta Air Lines by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 97,914 shares of the transportation company’s stock valued at $5,924,000 after purchasing an additional 4,208 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Delta Air Lines by 19.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 58,509 shares of the transportation company’s stock valued at $3,540,000 after purchasing an additional 9,470 shares during the last quarter. Finally, Nkcfo LLC bought a new stake in Delta Air Lines in the fourth quarter worth $242,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

NYSE DAL opened at $59.88 on Friday. The company’s fifty day moving average is $64.27 and its two-hundred day moving average is $56.31. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-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. The firm has a market capitalization of $38.71 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.76 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same period last year, the business earned $1.28 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. Delta Air Lines’s payout ratio is 11.26%.

Insider Transactions at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the transaction, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the firm’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 owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 162,886 shares of company stock valued at $11,116,463. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of several recent research reports. UBS Group restated a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Barclays upped their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Susquehanna boosted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price 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.