Atria Wealth Solutions Inc. Boosts Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Atria Wealth Solutions Inc. lifted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 60.1% in the fourth quarter, HoldingsChannel reports. The firm owned 20,769 shares of the transportation company’s stock after acquiring an additional 7,797 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Delta Air Lines were worth $836,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DAL. Migdal Insurance & Financial Holdings Ltd. raised its holdings in 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 in the last quarter. Venturi Wealth Management LLC lifted its position in Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 575 shares during the last quarter. Headlands Technologies LLC acquired a new position in Delta Air Lines in the third quarter valued at $35,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after purchasing an additional 1,224 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Delta Air Lines by 147.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company’s stock worth $58,000 after purchasing an additional 855 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In related news, Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 1st. The stock was purchased at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $495,000. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Willie Cw Chiang purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average price of $49.50 per share, with a total value of $495,000.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $495,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Insiders have sold a total of 174,073 shares of company stock valued at $8,581,207 in the last ninety days. 0.89% of the stock is currently owned by company insiders.

Delta Air Lines Trading Up 1.0 %

NYSE DAL opened at $51.56 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $33.00 billion, a P/E ratio of 6.63, a P/E/G ratio of 0.74 and a beta of 1.38. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $51.65. The firm has a 50-day moving average price of $45.79 and a 200 day moving average price of $40.60.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same period in the prior year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts expect that Delta Air Lines, Inc. will post 6.55 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, May 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.78%. Delta Air Lines’s payout ratio is currently 5.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DAL. Bank of America upped their target price on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a report on Thursday, April 11th. Susquehanna increased their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. Finally, UBS Group initiated coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.