Kistler Tiffany Companies LLC Takes $26,000 Position in Delta Air Lines, Inc. (DAL)

Kistler Tiffany Companies LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 494 shares of the transportation company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DAL. Oregon Public Employees Retirement Fund increased its holdings in shares of Delta Air Lines by 3,837.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,713,031 shares of the transportation company’s stock worth $215,000 after buying an additional 10,440,934 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Delta Air Lines by 185.7% during the 4th quarter. Two Sigma Advisers LP now owns 3,653,225 shares of the transportation company’s stock worth $182,296,000 after buying an additional 2,374,531 shares during the last quarter. FMR LLC increased its holdings in shares of Delta Air Lines by 30.9% during the 4th quarter. FMR LLC now owns 9,742,670 shares of the transportation company’s stock worth $486,161,000 after buying an additional 2,298,101 shares during the last quarter. Norges Bank acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $89,761,000. Finally, Federated Investors Inc. PA increased its holdings in shares of Delta Air Lines by 299.7% during the 3rd quarter. Federated Investors Inc. PA now owns 2,379,531 shares of the transportation company’s stock worth $137,608,000 after buying an additional 1,784,276 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

DAL has been the subject of a number of recent analyst reports. Stephens set a $63.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Zacks Investment Research downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Imperial Capital raised their price target on shares of Delta Air Lines from $53.00 to $58.00 and gave the stock an “in-line” rating in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Raymond James raised their price target on shares of Delta Air Lines from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, Buckingham Research lifted their target price on shares of Delta Air Lines from $62.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.21.

Delta Air Lines stock opened at $58.11 on Wednesday. Delta Air Lines, Inc. has a fifty-two week low of $45.08 and a fifty-two week high of $61.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.34 and a quick ratio of 0.29. The company has a market capitalization of $37.63 billion, a P/E ratio of 10.28, a P/E/G ratio of 0.69 and a beta of 1.08.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 10th. The transportation company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. The business had revenue of $10.47 billion during the quarter, compared to the consensus estimate of $10.39 billion. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. During the same quarter in the previous year, the firm posted $0.74 earnings per share. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 6.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were paid a $0.35 dividend. The ex-dividend date was Thursday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.41%. Delta Air Lines’s dividend payout ratio (DPR) is 24.78%.

In other Delta Air Lines news, COO W Gilbert West sold 7,465 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $58.52, for a total value of $436,851.80. Following the completion of the transaction, the chief operating officer now owns 94,933 shares in the company, valued at $5,555,479.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Francis S. Blake purchased 5,185 shares of the company’s stock in a transaction on Monday, January 28th. The stock was acquired at an average price of $48.17 per share, with a total value of $249,761.45. Following the purchase, the director now owns 47,885 shares of the company’s stock, valued at $2,306,620.45. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 3,559,723 shares of company stock valued at $176,077,837 and sold 111,901 shares valued at $6,010,888. Insiders own 0.33% of the company’s stock.

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About Delta Air Lines

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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