Activest Wealth Management Purchases 593 Shares of Delta Air Lines, Inc. $DAL

Activest Wealth Management increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2,280.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 619 shares of the transportation company’s stock after acquiring an additional 593 shares during the period. Activest Wealth Management’s holdings in Delta Air Lines were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JT Stratford LLC grew its holdings in Delta Air Lines by 1.2% in the 1st quarter. JT Stratford LLC now owns 16,403 shares of the transportation company’s stock worth $715,000 after acquiring an additional 200 shares during the last quarter. one8zero8 LLC grew its holdings in Delta Air Lines by 1.1% in the 1st quarter. one8zero8 LLC now owns 21,405 shares of the transportation company’s stock worth $933,000 after acquiring an additional 225 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Delta Air Lines by 14.7% in the 2nd quarter. Sound Income Strategies LLC now owns 1,911 shares of the transportation company’s stock worth $94,000 after acquiring an additional 245 shares during the last quarter. Mainstay Capital Management LLC ADV grew its holdings in Delta Air Lines by 5.0% in the 1st quarter. Mainstay Capital Management LLC ADV now owns 5,199 shares of the transportation company’s stock worth $227,000 after acquiring an additional 246 shares during the last quarter. Finally, E&G Advisors LP boosted its stake in shares of Delta Air Lines by 1.4% during the 1st quarter. E&G Advisors LP now owns 17,550 shares of the transportation company’s stock valued at $765,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 2.0%

Shares of Delta Air Lines stock opened at $60.47 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The stock has a market capitalization of $39.48 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 1.59 and a beta of 1.50. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The company has a 50-day simple moving average of $59.23 and a two-hundred day simple moving average of $51.95.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. The business 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%. On average, analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 annualized dividend and a yield of 1.2%. Delta Air Lines’s payout ratio is 10.56%.

Insider Activity

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the transaction, the director directly owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the chief executive officer directly owned 632,823 shares of the company’s stock, valued at $35,615,278.44. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DAL. Wall Street Zen raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Deutsche Bank Aktiengesellschaft lifted their target price 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. Bernstein Bank lifted their target price on shares of Delta Air Lines from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, July 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Delta Air Lines in a research note on Wednesday, October 8th. Finally, Citigroup lifted their target price on shares of Delta Air Lines from $62.00 to $65.50 and gave the company a “buy” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s 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 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.