Wealth Quarterback LLC Acquires New Shares in Delta Air Lines, Inc. $DAL

Wealth Quarterback LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,238 shares of the transportation company’s stock, valued at approximately $454,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Savant Capital LLC grew its position in shares of Delta Air Lines by 84.0% during the 2nd quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock valued at $8,951,000 after purchasing an additional 83,072 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Delta Air Lines by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company’s stock valued at $160,900,000 after buying an additional 92,772 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Delta Air Lines during the second quarter valued at $15,138,000. Jefferies Financial Group Inc. grew its position in Delta Air Lines by 1,169.4% during the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock worth $316,000 after buying an additional 6,677 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in Delta Air Lines by 27.8% in the 1st quarter. Focus Partners Wealth now owns 45,862 shares of the transportation company’s stock worth $2,000,000 after acquiring an additional 9,984 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of several recent analyst reports. Raymond James Financial boosted their price objective on Delta Air Lines from $68.00 to $70.00 and gave the stock a “strong-buy” rating in a report on Friday, October 10th. UBS Group boosted their price target on shares of Delta Air Lines from $72.00 to $75.00 and gave the stock a “buy” rating in a research note 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. Finally, Evercore ISI raised their price target on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $71.53.

Insiders Place Their Bets

In related 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 value of $151,750.00. Following the transaction, the director directly owned 33,245 shares of the company’s stock, valued at $2,017,971.50. The trade was a 6.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction 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 sale, the senior vice president owned 15,816 shares of the company’s stock, valued at $968,730. This represents a 46.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,833 shares of company stock valued at $2,463,585 in the last ninety days. Company insiders own 0.88% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $57.71 on Wednesday. The stock has a market cap of $37.68 billion, a PE ratio of 8.13, a PEG ratio of 1.35 and a beta of 1.52. The company’s fifty day moving average is $58.96 and its 200 day moving average is $54.55. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68.

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. 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. Research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.56%.

Delta Air Lines 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.