Simmons Bank Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

Simmons Bank purchased a new stake 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 fund purchased 3,740 shares of the transportation company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Advisor OS LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at $205,000. Lake Street Advisors Group LLC lifted its holdings in shares of Delta Air Lines by 5.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,881 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 261 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at $355,000. CPA Asset Management LLC purchased a new position in Delta Air Lines in the fourth quarter valued at about $204,000. Finally, Horizon Advisory Services Inc. acquired a new position in shares of Delta Air Lines during the fourth quarter worth about $338,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DAL shares. Barclays raised their target price on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft increased their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Citigroup lifted 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. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. Finally, UBS Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $78.22.

Delta Air Lines Trading Down 3.2 %

Shares of NYSE:DAL opened at $59.71 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The company has a market cap of $38.60 billion, a PE ratio of 11.20, a P/E/G ratio of 0.75 and a beta of 1.36. The company’s 50-day moving average price is $64.34 and its 200 day moving average price is $56.94.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate 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 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 business earned $1.28 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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

Insider Activity

In related news, SVP William C. Carroll sold 6,783 shares of the business’s 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 sale, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. The trade was a 40.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rahul D. Samant sold 17,970 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the sale, the executive vice president now owns 35,889 shares of the company’s stock, valued at $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 over the last 90 days. 0.96% of the stock is currently owned by company 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.