Apollon Wealth Management LLC Has $988,000 Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Apollon Wealth Management LLC lowered its stake in Delta Air Lines, Inc. (NYSE:DAL) by 17.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,327 shares of the transportation company’s stock after selling 3,546 shares during the period. Apollon Wealth Management LLC’s holdings in Delta Air Lines were worth $988,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DAL. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth approximately $27,000. Crews Bank & Trust acquired a new position in Delta Air Lines during the fourth quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new position in Delta Air Lines during the third quarter worth approximately $31,000. Modus Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth approximately $33,000. Finally, Harbor Investment Advisory LLC increased its position in Delta Air Lines by 217.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after buying an additional 380 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Jefferies Financial Group boosted their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen boosted their price objective on Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Barclays boosted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, UBS Group restated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Trading Down 2.2 %

Shares of DAL stock opened at $64.74 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock has a market cap of $41.77 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. The stock has a 50 day simple moving average of $64.07 and a 200 day simple moving average of $55.09. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s payout ratio is presently 11.26%.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 35,889 shares in the company, valued at $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,863 shares of company stock worth $8,649,150 over the last three months. Insiders own 0.96% of the company’s stock.

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.