Tag: NYSE:DAL

Stratos Wealth Partners LTD. reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,148 shares of the transportation company’s stock after selling 2,068 shares during the period. Stratos Wealth Partners LTD.’s holdings in Delta Air Lines were worth $891,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DAL. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after buying an additional 570 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Delta Air Lines in the fourth quarter valued at about $28,000. Venturi Wealth Management LLC boosted its position in Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after purchasing an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC boosted its position in Delta Air Lines by 55.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock worth $32,000 after purchasing an additional 311 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Delta Air Lines in the third quarter valued at $35,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Up 3.0 %

DAL opened at $47.63 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.54. The firm has a market cap of $30.64 billion, a P/E ratio of 6.66, a PEG ratio of 0.70 and a beta of 1.43. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $49.81. The business’s fifty day simple moving average is $43.30 and its 200 day simple moving average is $39.29.

Delta Air Lines (NYSE:DAL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 10th. 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 46.35% and a net margin of 7.94%. The business had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same quarter last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 6.56 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, February 23rd. Delta Air Lines’s payout ratio is 5.59%.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the sale, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.89% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on DAL. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. UBS Group began coverage on Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a report on Thursday. Finally, Susquehanna upped their target price on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines has an average rating of “Buy” and an average target price of $58.29.

Read Our Latest Analysis on DAL

Delta Air Lines Company Profile

(Free Report)

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.

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Perigon Wealth Management LLC increased its holdings in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,329 shares of the transportation company’s stock after purchasing an additional 969 shares during the period. Perigon Wealth Management LLC’s holdings in Delta Air Lines were worth $382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Delta Air Lines by 39.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 22,002 shares of the transportation company’s stock valued at $814,000 after purchasing an additional 6,179 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Delta Air Lines by 2,118.9% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 397,673 shares of the transportation company’s stock worth $14,714,000 after acquiring an additional 379,751 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Delta Air Lines by 219.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 124,506 shares of the transportation company’s stock worth $4,607,000 after buying an additional 85,566 shares during the last quarter. ING Groep NV increased its position in Delta Air Lines by 121.0% during the third quarter. ING Groep NV now owns 310,415 shares of the transportation company’s stock worth $11,485,000 after buying an additional 169,966 shares during the last quarter. Finally, TD Asset Management Inc grew its position in shares of Delta Air Lines by 7.8% in the third quarter. TD Asset Management Inc now owns 189,493 shares of the transportation company’s stock valued at $7,011,000 after purchasing an additional 13,683 shares during the last quarter. Institutional investors and hedge funds own 71.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DAL shares. Barclays cut their target price on shares of Delta Air Lines from $58.00 to $50.00 in a research note on Thursday, October 5th. Susquehanna cut their price objective on shares of Delta Air Lines from $60.00 to $44.00 and set a “positive” rating on the stock in a research report on Wednesday, October 11th. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Raymond James lowered their price objective on shares of Delta Air Lines from $58.00 to $54.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 5th. Finally, Jefferies Financial Group lowered their target price on shares of Delta Air Lines from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, September 29th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $55.50.

Read Our Latest Report on Delta Air Lines

Delta Air Lines Stock Down 2.6 %

Shares of DAL opened at $37.47 on Wednesday. The firm has a market cap of $24.11 billion, a P/E ratio of 5.24, a price-to-earnings-growth ratio of 0.18 and a beta of 1.37. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $49.81. The company’s 50-day moving average price is $38.71 and its 200 day moving average price is $39.93. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 1.56.

Delta Air Lines (NYSE:DAL – Get Free Report) last issued its quarterly earnings results on Friday, January 12th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Delta Air Lines had a net margin of 7.94% and a return on equity of 46.53%. The company had revenue of $14.22 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.66 earnings per share for the current year.

Insider Activity at Delta Air Lines

In related news, EVP Joanne D. Smith sold 3,030 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $33.29, for a total value of $100,868.70. Following the completion of the transaction, the executive vice president now directly owns 95,362 shares of the company’s stock, valued at $3,174,600.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director David S. Taylor purchased 10,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was acquired at an average price of $30.75 per share, for a total transaction of $307,500.00. Following the completion of the purchase, the director now directly owns 27,470 shares of the company’s stock, valued at $844,702.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 3,030 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $33.29, for a total value of $100,868.70. Following the sale, the executive vice president now owns 95,362 shares of the company’s stock, valued at approximately $3,174,600.98. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Delta Air Lines Company Profile

(Free Report)

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL – Free Report).

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