Atria Wealth Solutions Inc. Has $441,000 Stock Position in Delta Air Lines, Inc. $DAL

Atria Wealth Solutions Inc. reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 16.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,868 shares of the transportation company’s stock after selling 1,780 shares during the period. Atria Wealth Solutions Inc.’s holdings in Delta Air Lines were worth $441,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in Delta Air Lines in the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new stake in Delta Air Lines in the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new position in Delta Air Lines in the 1st quarter valued at about $33,000. Hara Capital LLC bought a new position in Delta Air Lines in the 1st quarter valued at about $35,000. Finally, N.E.W. Advisory Services LLC bought a new position in Delta Air Lines in the 1st quarter valued at about $40,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

In other news, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the transaction, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. This represents a 46.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,510 shares of company stock worth $2,979,663. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America increased their price target on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a report on Friday, October 10th. Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Dbs Bank raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, HSBC increased their price target on shares of Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $71.53.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $59.70 on Monday. The firm has a market capitalization of $38.98 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.37 and a beta of 1.50. The company’s 50 day moving average price is $59.35 and its two-hundred day moving average price is $52.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The company had revenue of $8.40 billion for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. On average, equities 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be issued 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 is Thursday, October 16th. Delta Air Lines’s payout ratio is 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.