Brookstone Capital Management Sells 1,653 Shares of Delta Air Lines, Inc. $DAL

Brookstone Capital Management reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 16,072 shares of the transportation company’s stock after selling 1,653 shares during the quarter. Brookstone Capital Management’s holdings in Delta Air Lines were worth $790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 worth $555,000 after buying an additional 2,302 shares during the last quarter. 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 worth $418,000 after buying an additional 344 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Delta Air Lines by 21.2% in the first quarter. Asset Management One Co. Ltd. now owns 145,240 shares of the transportation company’s stock worth $6,332,000 after buying an additional 25,406 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Delta Air Lines by 16.3% in the first quarter. Sequoia Financial Advisors LLC now owns 18,916 shares of the transportation company’s stock worth $825,000 after buying an additional 2,645 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Delta Air Lines in the first quarter worth $875,000. 69.93% of the stock is currently owned by institutional investors.

Insider Activity at Delta Air Lines

In related news, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the sale, the executive vice president owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael P. Huerta sold 2,500 shares of the firm’s 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 sale, the director directly 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 disclosure for this sale can be found here. Insiders have sold a total of 39,833 shares of company stock valued at $2,463,585 over the last quarter. 0.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DAL shares. BNP Paribas Exane raised their price target on Delta Air Lines from $58.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 11th. Bank of America increased their target price on Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. UBS Group increased their target price on Delta Air Lines from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Rothschild & Co Redburn increased their target price on Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday, October 14th. Finally, Wall Street Zen upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. Based on data from MarketBeat, Delta Air Lines currently 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 $60.93 on Monday. The firm has a market cap of $39.78 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.40 and a beta of 1.50. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The stock’s fifty day moving average price is $59.61 and its 200-day moving average price is $53.02.

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

Delta Air Lines Dividend Announcement

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. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. Delta Air Lines’s dividend payout ratio (DPR) is presently 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.