Delta Air Lines, Inc. $DAL Holdings Boosted by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 53.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,848 shares of the transportation company’s stock after purchasing an additional 5,544 shares during the period. Axxcess Wealth Management LLC’s holdings in Delta Air Lines were worth $779,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. JT Stratford LLC lifted its stake in Delta Air Lines by 1.2% in the first quarter. JT Stratford LLC now owns 16,403 shares of the transportation company’s stock valued at $715,000 after buying an additional 200 shares during the last quarter. one8zero8 LLC lifted its position in Delta Air Lines by 1.1% in the 1st quarter. one8zero8 LLC now owns 21,405 shares of the transportation company’s stock valued at $933,000 after purchasing an additional 225 shares during the last quarter. Sound Income Strategies LLC lifted its position 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 valued at $94,000 after purchasing an additional 245 shares during the last quarter. Mainstay Capital Management LLC ADV raised its holdings in shares of Delta Air Lines by 5.0% during the first quarter. Mainstay Capital Management LLC ADV now owns 5,199 shares of the transportation company’s stock valued at $227,000 after buying an additional 246 shares during the last quarter. Finally, E&G Advisors LP raised its holdings in shares of Delta Air Lines by 1.4% during the first quarter. E&G Advisors LP now owns 17,550 shares of the transportation company’s stock valued at $765,000 after buying an additional 250 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the sale, the director owned 33,245 shares in the company, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the sale, the chief executive officer owned 632,823 shares in the company, valued at $35,615,278.44. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,510 shares of company stock valued at $2,979,663 over the last three months. Company insiders own 0.88% of the company’s stock.

Delta Air Lines Stock Down 1.2%

NYSE 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 company’s 50 day simple moving average is $59.35 and its 200 day simple moving average is $52.07. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The company has a market capitalization of $38.98 billion, a P/E ratio of 8.41, a PEG ratio of 1.38 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (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%. Equities research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines’s payout ratio is 10.56%.

Wall Street Analyst Weigh In

Several analysts have weighed in on DAL shares. Barclays lifted their target price on Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Evercore ISI boosted their price target on shares of Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Sanford C. Bernstein boosted their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Dbs Bank upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Wall Street Zen raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $71.53.

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.