CVA Family Office LLC Makes New $141,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

CVA Family Office LLC purchased a new stake in Delta Air Lines, Inc. (NYSE:DALFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,503 shares of the transportation company’s stock, valued at approximately $141,000.

Several other institutional investors and hedge funds also recently modified their holdings of DAL. Perigon Wealth Management LLC boosted its position in Delta Air Lines by 10.4% during the 3rd quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company’s stock worth $382,000 after acquiring an additional 969 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Delta Air Lines by 17.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock valued at $188,514,000 after acquiring an additional 743,882 shares in the last quarter. Cozad Asset Management Inc. raised its holdings in Delta Air Lines by 150.3% during the third quarter. Cozad Asset Management Inc. now owns 178,080 shares of the transportation company’s stock worth $6,589,000 after acquiring an additional 106,940 shares in the last quarter. Qsemble Capital Management LP bought a new position in Delta Air Lines in the third quarter valued at approximately $3,297,000. Finally, Zweig DiMenna Associates LLC increased its position in shares of Delta Air Lines by 12.7% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 289,425 shares of the transportation company’s stock worth $10,709,000 after purchasing an additional 32,700 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $45.42 on Tuesday. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $49.81. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.39 and a quick ratio of 0.34. The firm has a market cap of $29.22 billion, a price-to-earnings ratio of 6.35, a P/E/G ratio of 0.74 and a beta of 1.42. The stock’s fifty day moving average price is $40.97 and its two-hundred day moving average price is $38.57.

Delta Air Lines (NYSE:DALGet Free Report) last released its quarterly earnings results on Friday, January 12th. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.17 by $0.11. The business had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $13.55 billion. Delta Air Lines had a net margin of 7.94% and a return on equity of 46.35%. Delta Air Lines’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 earnings per share. On average, equities analysts forecast that Delta Air Lines, Inc. will post 6.57 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Friday, February 23rd. Delta Air Lines’s dividend payout ratio (DPR) is currently 5.59%.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the sale, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.89% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DAL shares. UBS Group started coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price for the company. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $55.79.

Get Our Latest Report on Delta Air Lines

About Delta Air Lines

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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