Concurrent Investment Advisors LLC Has $756,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Concurrent Investment Advisors LLC lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,499 shares of the transportation company’s stock after selling 1,287 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Delta Air Lines were worth $756,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. UBS Group restated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Citigroup boosted their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Susquehanna boosted their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Finally, Barclays boosted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Stock Down 6.1 %

Shares of Delta Air Lines stock opened at $59.88 on Monday. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The stock has a market capitalization of $38.71 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The company has a 50-day simple moving average of $64.27 and a two-hundred day simple moving average of $56.57. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

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

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is currently 11.26%.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total value 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,886 shares of company stock valued at $11,116,463. Insiders own 0.96% of the company’s stock.

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.