Scarborough Advisors LLC Acquires Shares of 1,069 Delta Air Lines, Inc. (NYSE:DAL)

Scarborough Advisors LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,069 shares of the transportation company’s stock, valued at approximately $43,000.

A number of other hedge funds have also recently modified their holdings of the company. Capital International Investors increased its position in shares of Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock valued at $842,283,000 after buying an additional 1,689,053 shares during the period. Capital World Investors increased its position in shares of Delta Air Lines by 0.5% during the fourth quarter. Capital World Investors now owns 14,981,124 shares of the transportation company’s stock valued at $602,691,000 after buying an additional 79,818 shares during the period. Morgan Stanley increased its position in shares of Delta Air Lines by 8.7% during the third quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock valued at $401,048,000 after buying an additional 865,746 shares during the period. Dimensional Fund Advisors LP boosted its stake in Delta Air Lines by 10.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company’s stock worth $336,908,000 after acquiring an additional 826,232 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in Delta Air Lines by 27.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock worth $260,198,000 after acquiring an additional 1,376,221 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In related news, Director Willie Cw Chiang acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $495,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Willie Cw Chiang bought 10,000 shares of Delta Air Lines stock in a transaction on Wednesday, May 1st. The shares were acquired at an average cost of $49.50 per share, with a total value of $495,000.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $495,000. The disclosure for this purchase can be found here. Insiders have sold a total of 178,919 shares of company stock worth $8,834,653 over the last quarter. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of several research reports. Susquehanna boosted their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. UBS Group initiated coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective on the stock. Bank of America boosted their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Morgan Stanley reissued an “overweight” rating and set a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $59.85.

Delta Air Lines Trading Down 0.3 %

Shares of NYSE DAL opened at $49.58 on Wednesday. The company has a market cap of $31.99 billion, a PE ratio of 6.37, a P/E/G ratio of 0.71 and a beta of 1.37. The firm’s 50 day moving average price is $50.36 and its 200-day moving average price is $44.69. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $53.86. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41.

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

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors 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 5.14%.

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.