Delta Air Lines, Inc. $DAL Shares Sold by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC significantly reduced its stake in Delta Air Lines by 63.9%, decreasing its holdings to 11,088 shares worth approximately $483,000.
• Delta Air Lines reported $2.10 earnings per share (EPS) for the last quarter, surpassing analysts' expectations and revealing a net margin of 7.24%.
• The company recently raised its quarterly dividend from $0.15 to $0.1875 per share, resulting in an annualized dividend yield of 1.3%.

Venture Visionary Partners LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 63.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,088 shares of the transportation company's stock after selling 19,600 shares during the quarter. Venture Visionary Partners LLC's holdings in Delta Air Lines were worth $483,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in Delta Air Lines by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company's stock worth $7,037,000 after buying an additional 9,034 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Delta Air Lines by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company's stock worth $160,900,000 after buying an additional 92,772 shares during the period. Exchange Traded Concepts LLC increased its holdings in Delta Air Lines by 152.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock worth $548,000 after buying an additional 7,586 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Delta Air Lines by 8.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company's stock worth $1,670,000 after buying an additional 2,973 shares during the period. Finally, Jefferies Financial Group Inc. increased its holdings in Delta Air Lines by 1,169.4% in the 1st 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 during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Trading Down 2.1%

Delta Air Lines stock opened at $57.8140 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The stock's 50 day simple moving average is $53.39 and its two-hundred day simple moving average is $51.05. The firm has a market cap of $37.75 billion, a PE ratio of 8.38, a P/E/G ratio of 1.84 and a beta of 1.56.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.The firm had revenue of $15,507,000 billion for the quarter, compared to analyst estimates of $16.16 billion. During the same quarter last year, the firm posted $2.36 EPS. The business's revenue was down .1% on a year-over-year basis. Analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st were given a dividend of $0.1875 per share. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines's payout ratio is 10.87%.

Analysts Set New Price Targets

Several brokerages recently weighed in on DAL. HSBC increased their price target on shares of Delta Air Lines from $64.00 to $69.20 in a report on Friday, July 11th. UBS Group set a $72.00 price target on shares of Delta Air Lines in a report on Friday, July 11th. Citigroup upped their price objective on Delta Air Lines from $62.00 to $65.50 and gave the stock a "buy" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. upped their price objective on Delta Air Lines from $66.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Bernstein Bank upped their price objective on Delta Air Lines from $60.00 to $66.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $66.21.

Insider Activity

In other Delta Air Lines news, EVP Alain Bellemare sold 45,423 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $55.56, for a total value of $2,523,701.88. Following the transaction, the executive vice president owned 131,731 shares in the company, valued at approximately $7,318,974.36. This trade represents a 25.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael P. Huerta sold 2,500 shares of the firm's 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 completion of the transaction, the director owned 33,245 shares in the company, valued at $2,017,971.50. The trade was a 6.99% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,473 shares of company stock worth $7,663,496. Insiders own 0.88% of the company's stock.

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.

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