Whalen Wealth Management Inc. Makes New Investment in Delta Air Lines, Inc. $DAL

Whalen Wealth Management Inc. bought a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 20,774 shares of the transportation company’s stock, valued at approximately $1,022,000.

A number of other institutional investors have also recently made changes to their positions in the stock. JT Stratford LLC increased its holdings in shares of 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 buying an additional 200 shares during the last quarter. one8zero8 LLC increased its holdings in shares of 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 buying an additional 225 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of 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 buying an additional 245 shares during the last quarter. Mainstay Capital Management LLC ADV increased its holdings in shares of 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 buying an additional 246 shares during the last quarter. Finally, Securian Asset Management Inc. increased its holdings in shares of Delta Air Lines by 0.7% in the 2nd quarter. Securian Asset Management Inc. now owns 34,137 shares of the transportation company’s stock worth $1,679,000 after buying an additional 248 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other news, 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the executive vice president directly owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 39,833 shares of company stock valued at $2,463,585. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DAL. Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. TD Cowen increased their price target on shares of Delta Air Lines from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Bank of America increased their target price 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. Barclays increased their target price on shares of Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Susquehanna increased their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $71.53.

Delta Air Lines Trading Down 4.2%

NYSE:DAL opened at $57.93 on Wednesday. The company has a 50-day moving average price of $59.54 and a 200-day moving average price of $53.26. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The stock has a market cap of $37.82 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 1.38 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The firm had revenue of $8.40 billion during the quarter. Equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

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 $0.1875 dividend. This represents a $0.75 annualized dividend 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 currently 10.56%.

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.