Parallel Advisors LLC Has $636,000 Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Parallel Advisors LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 12.1% in the 4th quarter, HoldingsChannel reports. The firm owned 10,511 shares of the transportation company’s stock after acquiring an additional 1,134 shares during the period. Parallel Advisors LLC’s holdings in Delta Air Lines were worth $636,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines during the fourth quarter worth approximately $27,000. Hemington Wealth Management lifted its position in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Delta Air Lines during the fourth quarter worth approximately $29,000. Crews Bank & Trust acquired a new stake in Delta Air Lines during the fourth quarter worth approximately $30,000. Finally, Modus Advisors LLC acquired a new stake in Delta Air Lines during the fourth quarter worth approximately $33,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DAL. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays cut their price objective on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Citigroup lowered their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Susquehanna raised their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average price target of $76.29.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $46.92 on Friday. The company’s 50 day simple moving average is $61.21 and its 200 day simple moving average is $57.99. The stock has a market capitalization of $30.33 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. 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, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98.

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

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the sale, the executive vice president now owns 35,889 shares in the company, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. This represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

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.