18,837 Shares in Delta Air Lines, Inc. $DAL Bought by Equitable Trust Co.

Equitable Trust Co. purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,837 shares of the transportation company’s stock, valued at approximately $926,000.

Several other hedge funds have also recently modified their holdings of the stock. RFG Advisory LLC acquired a new stake in shares of Delta Air Lines during the second quarter worth $461,000. Axxcess Wealth Management LLC raised its position in Delta Air Lines by 53.8% in the second quarter. Axxcess Wealth Management LLC now owns 15,848 shares of the transportation company’s stock worth $779,000 after acquiring an additional 5,544 shares in the last quarter. NorthRock Partners LLC raised its position in Delta Air Lines by 73.7% in the second quarter. NorthRock Partners LLC now owns 20,595 shares of the transportation company’s stock worth $1,013,000 after acquiring an additional 8,741 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Delta Air Lines by 11.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 21,028 shares of the transportation company’s stock worth $1,034,000 after acquiring an additional 2,189 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new position in Delta Air Lines in the second quarter worth $241,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on DAL shares. Barclays increased their price objective on Delta Air Lines from $58.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Rothschild & Co Redburn increased their price objective on Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday. Seaport Global Securities increased their price objective 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. Wolfe Research increased their price objective on Delta Air Lines from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Finally, Dbs Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $70.68.

Insider Transactions at Delta Air Lines

In related news, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the completion of the sale, the chief executive officer owned 632,823 shares in the company, valued at approximately $35,615,278.44. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the sale, the director owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. This represents a 6.99% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 4.3%

Shares of DAL stock opened at $61.23 on Wednesday. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The stock has a market cap of $39.98 billion, a P/E ratio of 8.62, a P/E/G ratio of 1.51 and a beta of 1.50. The business has a fifty day simple moving average of $58.94 and a 200-day simple moving average of $51.77. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68.

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

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.56%.

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.