AE Wealth Management LLC Acquires 2,319 Shares of Delta Air Lines, Inc. $DAL

AE Wealth Management LLC raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,179 shares of the transportation company’s stock after purchasing an additional 2,319 shares during the quarter. AE Wealth Management LLC’s holdings in Delta Air Lines were worth $1,287,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DAL. Signature Resources Capital Management LLC bought a new stake in Delta Air Lines during the 2nd quarter valued at about $25,000. NewSquare Capital LLC raised its stake in shares of Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 371 shares in the last quarter. Activest Wealth Management boosted its holdings in shares of Delta Air Lines by 2,280.8% in the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 593 shares during the period. Wealth Preservation Advisors LLC bought a new position in Delta Air Lines in the first quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT purchased a new position in Delta Air Lines during the 1st quarter worth $33,000. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI upped their target price on Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Wall Street Zen upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. UBS Group boosted their price target on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Bank of America increased their price objective on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $71.53.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $60.42 on Thursday. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The business’s fifty day simple moving average is $58.94 and its 200-day simple moving average is $54.59. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The company has a market cap of $39.45 billion, a PE ratio of 8.51, a PEG ratio of 1.35 and a beta of 1.52.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The firm had revenue of $8.40 billion during the quarter. Analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.2%. Delta Air Lines’s dividend payout ratio is 10.56%.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, October 15th. The shares were 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 directly owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael P. Huerta sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director owned 33,245 shares in the company, valued at $2,017,971.50. The trade was a 6.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,833 shares of company stock valued at $2,463,585 in the last three months. 0.88% of the stock is owned by insiders.

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.