Crowley Wealth Management Inc. Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Crowley Wealth Management Inc. bought a new position in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 750 shares of the transportation company’s stock, valued at approximately $45,000.

Other hedge funds have also added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines in the 4th quarter worth about $27,000. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $29,000. Hemington Wealth Management lifted its position in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the period. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $30,000. Finally, Modus Advisors LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $33,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Trading Down 0.1 %

NYSE:DAL opened at $46.89 on Monday. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The firm has a fifty day simple moving average of $60.80 and a 200-day simple moving average of $58.25. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $30.31 billion, a P/E ratio of 8.80, a PEG ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Insider Buying and Selling

In related news, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 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 trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 over the last 90 days. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DAL shares. Barclays lowered their price target 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. UBS Group lowered their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Susquehanna upped their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Citigroup lowered their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Finally, StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $76.29.

About Delta Air Lines

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.