GLOBALT Investments LLC GA Makes New $718,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

GLOBALT Investments LLC GA purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 11,869 shares of the transportation company’s stock, valued at approximately $718,000.

A number of other large investors have also recently bought and sold shares of DAL. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines during the 4th quarter worth about $27,000. Hemington Wealth Management grew its holdings in Delta Air Lines by 48.1% during the 4th 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 period. Roxbury Financial LLC acquired a new stake in Delta Air Lines during the 4th quarter worth about $29,000. Crews Bank & Trust acquired a new stake in Delta Air Lines during the 4th quarter worth about $30,000. Finally, Modus Advisors LLC acquired a new stake in Delta Air Lines during the 4th quarter worth about $33,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $46.88 on Tuesday. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The company’s 50 day moving average price is $62.08 and its two-hundred day moving average price is $58.12. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a market cap of $30.30 billion, a P/E ratio of 8.79, a P/E/G ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last posted its earnings results 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 firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the firm earned $1.28 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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

Insiders Place Their Bets

In other news, 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 trade represents a 29.83 % decrease in their position. 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 that occurred 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 sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 in the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DAL has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased 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. UBS Group cut their price objective on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. TD Cowen increased their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Barclays cut their price objective on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Finally, Susquehanna increased 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 report on Tuesday, January 7th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average price target of $76.60.

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.