Pinnacle Wealth Planning Services Inc. Acquires New Position in Delta Air Lines, Inc. (NYSE:DAL)

Pinnacle Wealth Planning Services Inc. bought a new position in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,670 shares of the transportation company’s stock, valued at approximately $283,000.

Other large investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth about $128,000. Ameriflex Group Inc. acquired a new position in Delta Air Lines in the 4th quarter worth approximately $351,000. United Advisor Group LLC purchased a new position in Delta Air Lines during the 4th quarter worth approximately $373,000. Ascent Group LLC purchased a new position in Delta Air Lines during the 4th quarter worth approximately $229,000. Finally, Mackenzie Financial Corp lifted its stake in Delta Air Lines by 317.0% during the 4th quarter. Mackenzie Financial Corp now owns 319,388 shares of the transportation company’s stock valued at $19,323,000 after acquiring an additional 242,796 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

DAL opened at $49.58 on Wednesday. The company has a market cap of $32.37 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.75 and a beta of 1.46. The firm’s fifty day simple moving average is $44.35 and its two-hundred day simple moving average is $55.73. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $12.98 billion during the quarter, compared to analysts’ expectations of $13.85 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines’s payout ratio is 10.64%.

Analysts Set New Price Targets

DAL has been the topic of a number of research reports. Bank of America cut their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Delta Air Lines in a research report on Tuesday, May 13th. Barclays decreased their price objective on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. TD Cowen raised their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group decreased their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.08.

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 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.