Arista Wealth Management LLC Invests $370,000 in Delta Air Lines, Inc. $DAL

Arista Wealth Management LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, HoldingsChannel.com reports. The fund acquired 7,521 shares of the transportation company’s stock, valued at approximately $370,000.

A number of other hedge funds have also recently added to or reduced their stakes in DAL. Brighton Jones LLC lifted its position in Delta Air Lines by 33.5% in the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 2,302 shares during the period. GAMMA Investing LLC lifted its position in Delta Air Lines by 3.7% in the first quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 344 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Delta Air Lines by 22.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,977 shares of the transportation company’s stock valued at $4,795,000 after purchasing an additional 20,057 shares during the period. Ritholtz Wealth Management lifted its position in Delta Air Lines by 15.7% in the first quarter. Ritholtz Wealth Management now owns 10,090 shares of the transportation company’s stock valued at $440,000 after purchasing an additional 1,371 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Delta Air Lines by 152.3% in the first quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company’s stock valued at $548,000 after purchasing an additional 7,586 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Down 1.2%

Shares of DAL opened at $59.70 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. The firm has a 50 day simple moving average of $59.35 and a 200-day simple moving average of $52.07. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The stock has a market cap of $38.98 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 1.38 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last issued 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 net margin of 7.36% and a return on equity of 23.83%. The business had revenue of $8.40 billion during the quarter. Equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DAL shares. HSBC raised their price objective on shares of Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a research report on Friday, October 10th. Evercore ISI lifted their price target on shares of Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Susquehanna Bancshares lifted their price target on shares of Delta Air Lines from $51.00 to $65.00 and gave the company a “positive” rating in a research report on Friday, July 11th. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Bank of America lifted their price target on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average price target of $71.53.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were 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 directly owned 15,816 shares of the company’s stock, valued at $968,730. This trade represents a 46.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director directly owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,510 shares of company stock valued at $2,979,663 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

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.