CW Advisors LLC Raises Stake in Delta Air Lines, Inc. $DAL

CW Advisors LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 95.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 214,406 shares of the transportation company’s stock after buying an additional 104,769 shares during the period. CW Advisors LLC’s holdings in Delta Air Lines were worth $10,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after purchasing an additional 2,302 shares during the last quarter. Jefferies Financial Group Inc. increased its stake in Delta Air Lines by 1,169.4% in the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 6,677 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Delta Air Lines by 4.3% during the first quarter. PNC Financial Services Group Inc. now owns 116,330 shares of the transportation company’s stock worth $5,072,000 after buying an additional 4,764 shares during the period. Blair William & Co. IL boosted its stake in Delta Air Lines by 7.9% in the 1st quarter. Blair William & Co. IL now owns 22,490 shares of the transportation company’s stock worth $981,000 after buying an additional 1,640 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in 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 valued at $3,179,508,000 after buying an additional 514,264 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Delta Air Lines

In related news, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the sale, the executive vice president directly owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the transaction, the senior vice president owned 15,816 shares in the company, valued at $968,730. This represents a 46.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein increased their price objective on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. JPMorgan Chase & Co. upped their price target on shares of Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Delta Air Lines in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Seaport Global Securities increased their target price on Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $72.37.

Delta Air Lines Stock Performance

NYSE:DAL opened at $67.21 on Friday. The firm’s fifty day simple moving average is $59.54 and its 200 day simple moving average is $56.17. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. 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 capitalization of $43.88 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 1.56 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The company had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. As a group, equities research 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 declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.1%. 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.