Vise Technologies Inc. Buys New Stake in Delta Air Lines, Inc. $DAL

Vise Technologies Inc. acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 17,351 shares of the transportation company’s stock, valued at approximately $853,000.

A number of other institutional investors also recently bought and sold shares of DAL. Brighton Jones LLC lifted its stake in shares of Delta Air Lines by 33.5% during 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 period. Alps Advisors Inc. purchased a new stake in Delta Air Lines in the 1st quarter worth $334,000. CWM LLC lifted its position in Delta Air Lines by 19.4% during the first quarter. CWM LLC now owns 77,616 shares of the transportation company’s stock worth $3,384,000 after buying an additional 12,627 shares in the last quarter. Edgestream Partners L.P. lifted its position in Delta Air Lines by 548.4% during the first quarter. Edgestream Partners L.P. now owns 46,314 shares of the transportation company’s stock worth $2,019,000 after buying an additional 39,171 shares in the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of Delta Air Lines by 6.3% in the first quarter. Sigma Planning Corp now owns 22,252 shares of the transportation company’s stock valued at $970,000 after purchasing an additional 1,327 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $59.90 on Friday. The company has a market cap of $39.11 billion, a PE ratio of 8.44, a P/E/G ratio of 1.35 and a beta of 1.52. The stock has a fifty day moving average price of $58.93 and a 200 day moving average price of $54.63. 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 1-year low of $34.74 and a 1-year high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share 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%. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. HSBC increased their price objective on Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research report on Friday, October 10th. UBS Group increased their target price on shares of Delta Air Lines from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Dbs Bank raised Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Rothschild & Co Redburn increased their target price on Delta Air Lines from $65.00 to $72.00 in a report on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $71.53.

Insider Transactions at Delta Air Lines

In related news, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the sale, the executive vice president owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the sale, the senior vice president directly owned 15,816 shares in the company, valued at approximately $968,730. The trade was a 46.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 39,833 shares of company stock valued at $2,463,585 in the last 90 days. 0.88% of the stock is currently owned by insiders.

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.