Calamos Wealth Management LLC Purchases Shares of 179,649 Delta Air Lines, Inc. (NYSE:DAL)

Calamos Wealth Management LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 179,649 shares of the transportation company's stock, valued at approximately $7,227,000.

Other hedge funds have also recently bought and sold shares of the company. Candriam Luxembourg S.C.A. acquired a new stake in shares of Delta Air Lines during the first quarter worth $502,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Delta Air Lines by 495.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company's stock worth $25,000 after purchasing an additional 570 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company's stock worth $29,000 after acquiring an additional 575 shares during the period. Tyler Stone Wealth Management acquired a new position in shares of Delta Air Lines in the second quarter worth approximately $36,000. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of Delta Air Lines in the fourth quarter worth approximately $28,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Shares of NYSE:DAL traded down $0.28 during mid-day trading on Friday, reaching $47.57. The stock had a trading volume of 9,271,692 shares, compared to its average volume of 11,945,066. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $49.81. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The business's 50 day moving average price is $44.16 and its 200 day moving average price is $39.75. The company has a market cap of $30.70 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm had revenue of $13.75 billion for the quarter, compared to analysts' expectations of $12.51 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The company's quarterly revenue was up 7.8% on a year-over-year basis. Research analysts expect that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. Delta Air Lines's payout ratio is 5.14%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the sale, the chief executive officer now owns 428,768 shares of the company's stock, valued at approximately $16,807,705.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.89% of the company's stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of research reports. TheStreet raised Delta Air Lines from a "c+" rating to a "b-" rating in a research report on Thursday, January 4th. Morgan Stanley restated an "overweight" rating and issued a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a "positive" rating in a research note on Tuesday, April 9th. StockNews.com cut Delta Air Lines from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd. Finally, UBS Group began coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a "buy" rating and a $59.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Delta Air Lines presently has an average rating of "Buy" and a consensus price target of $58.29.

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.