RD Lewis Holdings Inc. Invests $261,000 in Delta Air Lines, Inc. (NYSE:DAL)

RD Lewis Holdings Inc. bought a new position in Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,322 shares of the transportation company’s stock, valued at approximately $261,000.

Several other institutional investors have also recently made changes to their positions in the company. Axxcess Wealth Management LLC lifted its holdings in shares of Delta Air Lines by 5.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 9,639 shares of the transportation company’s stock worth $583,000 after acquiring an additional 500 shares during the last quarter. TCTC Holdings LLC lifted its holdings in shares of Delta Air Lines by 154.8% in the 4th quarter. TCTC Holdings LLC now owns 1,274 shares of the transportation company’s stock worth $77,000 after acquiring an additional 774 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Delta Air Lines by 12.1% in the 4th quarter. Parallel Advisors LLC now owns 10,511 shares of the transportation company’s stock worth $636,000 after acquiring an additional 1,134 shares during the last quarter. Cibc World Markets Corp lifted its holdings in shares of Delta Air Lines by 34.5% in the 4th quarter. Cibc World Markets Corp now owns 79,449 shares of the transportation company’s stock worth $4,807,000 after acquiring an additional 20,371 shares during the last quarter. Finally, GLOBALT Investments LLC GA purchased a new position in Delta Air Lines in the 4th quarter worth about $718,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group reduced their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Susquehanna raised their price target on shares of 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, Citigroup raised their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $76.60.

Delta Air Lines Stock Up 0.3 %

Shares of Delta Air Lines stock opened at $46.88 on Tuesday. The firm’s 50 day moving average price is $62.08 and its 200-day moving average price is $58.12. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The company has a market cap of $30.30 billion, a P/E ratio of 8.79, a PEG ratio of 0.75 and a beta of 1.34.

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

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is currently 11.26%.

Insider Transactions at Delta Air Lines

In related news, SVP William C. Carroll sold 6,783 shares of Delta Air Lines stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the sale, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This trade represents a 40.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 in the last 90 days. Insiders own 0.96% of the company’s stock.

About Delta Air Lines

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.