Bernard Wealth Management Corp. Invests $229,000 in Delta Air Lines, Inc. (NYSE:DAL)

Bernard Wealth Management Corp. purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,790 shares of the transportation company’s stock, valued at approximately $229,000.

Other institutional investors also recently modified their holdings of the company. Investment Management Corp of Ontario purchased a new stake in shares of Delta Air Lines during the third quarter worth $272,000. EP Wealth Advisors LLC raised its stake in shares of Delta Air Lines by 415.1% during the 3rd quarter. EP Wealth Advisors LLC now owns 34,427 shares of the transportation company’s stock valued at $1,749,000 after purchasing an additional 27,743 shares during the period. National Bank of Canada FI lifted its holdings in Delta Air Lines by 6.6% during the 3rd quarter. National Bank of Canada FI now owns 375,503 shares of the transportation company’s stock worth $19,072,000 after purchasing an additional 23,205 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in Delta Air Lines by 14.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 19,541 shares of the transportation company’s stock worth $992,000 after purchasing an additional 2,401 shares during the period. Finally, MML Investors Services LLC grew its holdings in Delta Air Lines by 18.4% during the 3rd quarter. MML Investors Services LLC now owns 71,389 shares of the transportation company’s stock valued at $3,626,000 after buying an additional 11,094 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $37.21 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The company has a fifty day moving average of $55.71 and a 200-day moving average of $58.15. The stock has a market capitalization of $24.05 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping 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 the consensus estimate of $14.20 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid 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 yield of 1.61%. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.26%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the sale, the senior vice president now owns 10,016 shares of the company’s stock, valued at $660,455.04. This represents a 40.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business’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. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DAL. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday. TD Cowen raised their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Bank of America decreased their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Citigroup dropped their price objective on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Finally, Raymond James lowered their price target on Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.20.

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.