Allworth Financial LP Raises Stock Holdings in Delta Air Lines, Inc. $DAL

Allworth Financial LP boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 19.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,378 shares of the transportation company’s stock after purchasing an additional 18,919 shares during the quarter. Allworth Financial LP’s holdings in Delta Air Lines were worth $5,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Delta Air Lines by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 72,924,506 shares of the transportation company’s stock worth $3,179,508,000 after buying an additional 514,264 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Delta Air Lines in the second quarter valued at $386,364,000. Invesco Ltd. increased its stake in Delta Air Lines by 30.2% in the first quarter. Invesco Ltd. now owns 7,242,852 shares of the transportation company’s stock valued at $315,788,000 after acquiring an additional 1,681,464 shares during the last quarter. Bank of New York Mellon Corp raised its position in Delta Air Lines by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 6,214,853 shares of the transportation company’s stock valued at $305,646,000 after purchasing an additional 299,308 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Delta Air Lines by 149.9% during the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock worth $246,487,000 after purchasing an additional 3,577,489 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of the stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the sale, the executive vice president owned 81,109 shares in the company, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the sale, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. This represents a 46.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,833 shares of company stock valued at $2,463,585 over the last ninety days. 0.88% of the stock is owned by insiders.

Analysts Set New Price Targets

DAL has been the topic of several recent research reports. UBS Group increased their price objective on Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Wolfe Research upped their target price on Delta Air Lines from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Susquehanna increased their price target on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research report on Friday, October 10th. HSBC boosted their price objective on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Wall Street Zen raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $71.53.

Delta Air Lines Stock Down 1.4%

Shares of Delta Air Lines stock opened at $57.71 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The company’s 50 day moving average price is $58.96 and its 200-day moving average price is $54.55. The stock has a market capitalization of $37.68 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 1.35 and a beta of 1.52.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The company had revenue of $8.40 billion during the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, October 16th. Delta Air Lines’s dividend payout ratio is currently 10.56%.

Delta Air Lines Company 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.