Prosperity Wealth Management Inc. Acquires Shares of 5,403 Delta Air Lines, Inc. (NYSE:DAL)

Prosperity Wealth Management Inc. bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, HoldingsChannel.com reports. The firm bought 5,403 shares of the transportation company’s stock, valued at approximately $217,000.

Other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock worth $25,000 after purchasing an additional 570 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in Delta Air Lines during the fourth quarter worth about $28,000. Venturi Wealth Management LLC increased its holdings in Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after buying an additional 575 shares during the period. Moisand Fitzgerald Tamayo LLC raised its position in shares of Delta Air Lines by 55.2% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after buying an additional 311 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $35,000. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Performance

NYSE:DAL opened at $47.88 on Thursday. The stock’s 50-day moving average is $43.87 and its 200-day moving average is $39.58. The stock has a market cap of $30.90 billion, a P/E ratio of 6.15, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $49.81. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. Equities research analysts anticipate that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. Delta Air Lines’s payout ratio is 5.14%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Susquehanna upped their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. UBS Group began coverage on Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. Finally, TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $58.29.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the sale, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is owned by corporate insiders.

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.