MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 1,576 Shares of Delta Air Lines, Inc. $DAL

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,445 shares of the transportation company’s stock after purchasing an additional 1,576 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Delta Air Lines were worth $3,464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Continuum Advisory LLC increased its position in shares of Delta Air Lines by 44.2% during the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 179 shares during the period. Wealth Preservation Advisors LLC bought a new stake in shares of Delta Air Lines during the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT bought a new stake in shares of Delta Air Lines during the first quarter valued at approximately $33,000. Hara Capital LLC bought a new stake in shares of Delta Air Lines during the first quarter valued at approximately $35,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $51,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $59.94 on Friday. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The firm has a market cap of $39.14 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 1.88 and a beta of 1.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. The business has a fifty day moving average of $57.35 and a 200-day moving average of $50.61.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.09. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The company had revenue of $15.51 billion during the quarter, compared to the consensus estimate of $16.16 billion. During the same period in the previous year, the firm posted $2.36 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st were paid a $0.1875 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.15. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, July 31st. Delta Air Lines’s payout ratio is presently 10.87%.

Insider Buying and Selling

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the transaction, the director directly owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 45,423 shares of the business’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the completion of the transaction, the executive vice president directly owned 131,731 shares of the company’s stock, valued at approximately $7,318,974.36. This represents a 25.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 136,473 shares of company stock valued at $7,663,496. Insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DAL. Jefferies Financial Group upped their price target on Delta Air Lines from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, July 14th. Susquehanna set a $65.00 price target on Delta Air Lines and gave the company a “positive” rating in a research report on Friday, July 11th. Susquehanna Bancshares upped their price target on Delta Air Lines from $51.00 to $65.00 and gave the company a “positive” rating in a research report on Friday, July 11th. Bernstein Bank upped their price target on Delta Air Lines from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. Finally, BNP Paribas Exane upped their price target on Delta Air Lines from $58.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $66.93.

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.