Kapstone Financial Advisors LLC Decreases Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Kapstone Financial Advisors LLC trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 15.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,229 shares of the transportation company’s stock after selling 1,180 shares during the period. Kapstone Financial Advisors LLC’s holdings in Delta Air Lines were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DAL. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines during the 4th quarter worth $27,000. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter worth $29,000. Hemington Wealth Management boosted its position in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares in the last quarter. Crews Bank & Trust purchased a new position in Delta Air Lines in the fourth quarter valued at about $30,000. Finally, Modus Advisors LLC bought a new position in Delta Air Lines in the fourth quarter worth about $33,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 2.9 %

DAL stock opened at $58.36 on Tuesday. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm’s fifty day moving average is $64.26 and its 200 day moving average is $57.47. The firm has a market cap of $37.73 billion, a PE ratio of 10.95, a P/E/G ratio of 0.75 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.28 EPS. On average, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is 11.26%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DAL. Susquehanna lifted 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. TD Cowen upped their price target on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Jefferies Financial Group raised their price objective on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $78.22.

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.