CoreCap Advisors LLC Acquires 1,240 Shares of Delta Air Lines, Inc. (NYSE:DAL)

CoreCap Advisors LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,861 shares of the transportation company’s stock after purchasing an additional 1,240 shares during the period. CoreCap Advisors LLC’s holdings in Delta Air Lines were worth $276,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Delta Air Lines by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock valued at $2,700,032,000 after purchasing an additional 1,267,578 shares in the last quarter. State Street Corp raised its position in shares of Delta Air Lines by 2.3% in the 2nd quarter. State Street Corp now owns 22,150,815 shares of the transportation company’s stock worth $1,053,050,000 after acquiring an additional 498,172 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Delta Air Lines by 2.7% in the 1st quarter. Geode Capital Management LLC now owns 13,168,804 shares of the transportation company’s stock worth $459,144,000 after acquiring an additional 351,286 shares in the last quarter. Morgan Stanley raised its position in shares of Delta Air Lines by 8.7% in the 3rd quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock worth $401,048,000 after acquiring an additional 865,746 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its position in shares of Delta Air Lines by 17.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock worth $188,514,000 after acquiring an additional 743,882 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $47.31 on Thursday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $49.81. The stock’s 50 day moving average price is $41.28 and its 200-day moving average price is $38.63. The company has a market capitalization of $30.44 billion, a PE ratio of 6.62, a PEG ratio of 0.74 and a beta of 1.42. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.54.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 12th. The transportation company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Delta Air Lines had a return on equity of 46.35% and a net margin of 7.94%. The firm had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $13.55 billion. During the same quarter in the previous year, the business earned $1.48 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Delta Air Lines, Inc. will post 6.57 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.85%. Delta Air Lines’s payout ratio is 5.59%.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at $16,807,705.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

DAL has been the subject of several research analyst reports. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. UBS Group initiated coverage on Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price for the company. Finally, TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $55.79.

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.