Creative Planning Buys 30,371 Shares of Delta Air Lines, Inc. $DAL

Creative Planning raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 15.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,851 shares of the transportation company’s stock after buying an additional 30,371 shares during the period. Creative Planning’s holdings in Delta Air Lines were worth $11,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Signature Resources Capital Management LLC purchased a new stake in shares of Delta Air Lines in the second quarter valued at approximately $25,000. NewSquare Capital LLC raised its position in Delta Air Lines by 184.6% during the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 371 shares in the last quarter. Activest Wealth Management raised its position in Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Delta Air Lines in the 1st quarter worth $31,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Delta Air Lines during the 1st quarter worth $33,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Delta Air Lines

In other news, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the transaction, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. This trade represents a 46.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $57.12 on Wednesday. The company has a market capitalization of $37.30 billion, a PE ratio of 8.04, a P/E/G ratio of 1.35 and a beta of 1.52. The company has a 50-day simple moving average of $58.68 and a two-hundred day simple moving average of $55.11. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40.

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

Delta Air Lines Dividend Announcement

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

Analyst Upgrades and Downgrades

DAL has been the subject of a number of research reports. Raymond James Financial upped their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 10th. Dbs Bank upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Susquehanna increased their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research note on Friday, October 10th. TD Cowen lifted their price objective on shares of Delta Air Lines from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Delta Air Lines in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $71.68.

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.