Harbour Investments Inc. Has $571,000 Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Harbour Investments Inc. raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,438 shares of the transportation company’s stock after acquiring an additional 317 shares during the period. Harbour Investments Inc.’s holdings in Delta Air Lines were worth $571,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Donoghue Forlines LLC acquired a new stake in Delta Air Lines during the 4th quarter valued at $2,036,000. Geode Capital Management LLC lifted its position in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after buying an additional 416,338 shares in the last quarter. Castle Hook Partners LP acquired a new position in Delta Air Lines during the 3rd quarter worth about $189,296,000. Meridian Wealth Management LLC bought a new stake in Delta Air Lines during the 3rd quarter worth about $1,693,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at about $3,593,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $46.92 on Friday. The stock’s fifty day simple moving average is $61.21 and its 200 day simple moving average is $57.99. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $30.33 billion, a PE ratio of 8.80, a PEG ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its earnings results 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 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 analysts’ expectations of $14.20 billion. During the same period in the prior year, the business earned $1.28 EPS. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

Analyst Ratings Changes

A number of brokerages recently weighed in on DAL. UBS Group lowered their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays decreased their price target on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Citigroup reduced their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average price target of $76.29.

Insider Buying and Selling

In related news, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the transaction, the executive vice president now owns 35,889 shares in the company, valued at approximately $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction on 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 in the company, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by corporate insiders.

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.