Evoke Wealth LLC Has $391,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Evoke Wealth LLC lifted its position in Delta Air Lines, Inc. (NYSE:DAL) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,462 shares of the transportation company’s stock after acquiring an additional 410 shares during the period. Evoke Wealth LLC’s holdings in Delta Air Lines were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. WASHINGTON TRUST Co raised its position in shares of Delta Air Lines by 7.5% in the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 150 shares during the period. Hemington Wealth Management raised its position in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares during the period. Mason & Associates Inc raised its position in shares of Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock valued at $308,000 after acquiring an additional 160 shares during the period. DAVENPORT & Co LLC raised its position in shares of Delta Air Lines by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock valued at $865,000 after acquiring an additional 173 shares during the period. Finally, Armstrong Advisory Group Inc. raised its holdings in Delta Air Lines by 10.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after buying an additional 175 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares in the company, 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 sold a total of 162,886 shares of company stock valued at $11,116,463 over the last ninety days. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Price Performance

Shares of DAL opened at $47.78 on Thursday. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month 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 50 day moving average of $61.50 and a 200-day moving average of $58.07. The stock has a market capitalization of $30.89 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last released 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 net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same period last year, the business earned $1.28 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

Analysts Set New Price Targets

Several analysts have commented on DAL shares. Barclays dropped their target price on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. UBS Group dropped their target price on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. TD Cowen raised their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $76.29.

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.