Soltis Investment Advisors LLC Has $504,000 Stake in Delta Air Lines, Inc. $DAL

Soltis Investment Advisors LLC boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,256 shares of the transportation company’s stock after buying an additional 955 shares during the period. Soltis Investment Advisors LLC’s holdings in Delta Air Lines were worth $504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in shares of Delta Air Lines during the 2nd quarter valued at about $25,000. NewSquare Capital LLC lifted its stake in Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after purchasing an additional 371 shares during the period. Activest Wealth Management boosted its holdings in Delta Air Lines by 2,280.8% during the second 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 acquired a new stake in Delta Air Lines during the first quarter valued at approximately $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $33,000. Institutional investors own 69.93% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

DAL has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on Delta Air Lines from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. JPMorgan Chase & Co. lifted their price objective on Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Delta Air Lines in a report on Wednesday, October 8th. Bernstein Bank increased their target price on shares of Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. One equities research 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.com, the company has a consensus rating of “Buy” and a consensus target price of $71.53.

Delta Air Lines Price Performance

Shares of DAL stock opened at $58.91 on Friday. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The firm’s 50 day moving average is $59.09 and its 200-day moving average is $54.13. The firm has a market capitalization of $38.47 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.35 and a beta of 1.52. 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 (NYSE:DAL) last issued its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share 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. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

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