Heritage Trust Co Acquires New Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Heritage Trust Co bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 23,201 shares of the transportation company’s stock, valued at approximately $1,404,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jaffetilchin Investment Partners LLC increased its position in Delta Air Lines by 29.7% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 3,949 shares of the transportation company’s stock worth $239,000 after buying an additional 904 shares in the last quarter. Family Office Research LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter valued at $6,616,000. Treasurer of the State of North Carolina boosted its stake in shares of Delta Air Lines by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 283,300 shares of the transportation company’s stock valued at $17,140,000 after acquiring an additional 1,780 shares during the last quarter. Bank of Hawaii acquired a new position in Delta Air Lines in the 4th quarter valued at about $2,812,000. Finally, Scotia Capital Inc. lifted its holdings in Delta Air Lines by 23.4% in the 4th quarter. Scotia Capital Inc. now owns 108,165 shares of the transportation company’s stock valued at $6,544,000 after purchasing an additional 20,488 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. TD Cowen boosted their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup cut their price target on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. UBS Group cut Delta Air Lines from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $77.00 to $42.00 in a report on Monday. Dbs Bank lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Barclays reduced their target price on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $61.06.

Delta Air Lines Trading Up 3.9 %

NYSE:DAL opened at $40.88 on Friday. The business’s 50-day moving average is $52.37 and its two-hundred day moving average is $57.69. The firm has a market capitalization of $26.43 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month 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 Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analysts’ expectations of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. Research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, 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 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 trade represents a 29.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of the company’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 completion of the transaction, the executive vice president now directly owns 35,889 shares in the company, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. 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. 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.