American Financial Advisors LLC Raises Stake in Delta Air Lines, Inc. (NYSE:DAL)

American Financial Advisors LLC raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 143,946 shares of the transportation company’s stock after purchasing an additional 5,014 shares during the quarter. Delta Air Lines accounts for about 0.9% of American Financial Advisors LLC’s investment portfolio, making the stock its 28th largest position. American Financial Advisors LLC’s holdings in Delta Air Lines were worth $5,791,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. raised its stake 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 valued at $25,000 after purchasing an additional 570 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Delta Air Lines during the fourth quarter valued at $28,000. Venturi Wealth Management LLC raised its stake in Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC raised its stake in Delta Air Lines by 55.2% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 311 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Delta Air Lines during the third quarter valued at $35,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DAL shares. UBS Group started coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective on the stock. Bank of America boosted their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley reiterated an “overweight” rating and set a $85.00 price objective on shares of Delta Air Lines in a research report on Thursday, April 11th. Susquehanna boosted their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research report on Tuesday, April 9th. Finally, StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $58.29.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The sale was disclosed in a filing with the SEC, which is available through this link. 0.89% of the stock is currently owned by insiders.

Delta Air Lines Stock Down 0.6 %

NYSE:DAL traded down $0.28 during mid-day trading on Friday, reaching $47.57. The company’s stock had a trading volume of 9,269,159 shares, compared to its average volume of 10,882,577. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $49.81. The stock has a fifty day moving average of $44.02 and a 200-day moving average of $39.64. The firm has a market capitalization of $30.70 billion, a PE ratio of 6.17, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. Equities research analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s payout ratio is currently 5.14%.

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.