Scarborough Advisors LLC Purchases New Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Scarborough Advisors LLC purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,069 shares of the transportation company’s stock, valued at approximately $43,000.

Other institutional investors have also made changes to their positions in the company. MeadowBrook Investment Advisors LLC bought a new stake in Delta Air Lines during the fourth quarter worth $27,000. Venturi Wealth Management LLC lifted its stake in Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after purchasing an additional 575 shares during the last quarter. Manchester Capital Management LLC lifted its stake in Delta Air Lines by 26,166.7% during the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after purchasing an additional 785 shares during the last quarter. Nordwand Advisors LLC bought a new stake in Delta Air Lines during the fourth quarter worth $40,000. Finally, Private Wealth Management Group LLC bought a new stake in Delta Air Lines during the fourth quarter worth $42,000. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DAL has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. HSBC initiated coverage on shares of Delta Air Lines in a report on Monday, May 13th. They set a “buy” rating and a $72.80 price target for the company. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Susquehanna upped their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Finally, UBS Group initiated coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $59.85.

Delta Air Lines Stock Performance

Shares of DAL opened at $49.58 on Wednesday. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $31.99 billion, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37. The firm’s fifty day simple moving average is $50.36 and its two-hundred day simple moving average is $44.69. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 earnings per share. As a group, analysts predict that Delta Air Lines, Inc. will post 6.66 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. Delta Air Lines’s dividend payout ratio (DPR) is currently 5.14%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the transaction, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joanne D. Smith sold 4,846 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total transaction of $253,445.80. Following the transaction, the executive vice president now directly owns 112,421 shares in the company, valued at approximately $5,879,618.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 178,919 shares of company stock valued at $8,834,653. 0.96% of the stock is currently owned by insiders.

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.