Focus Partners Advisor Solutions LLC Purchases 6,277 Shares of Delta Air Lines, Inc. $DAL

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Delta Air Lines by 69.3%, acquiring an additional 6,277 shares and bringing their total holdings to 15,331 shares valued at approximately $668,000.
• Delta Air Lines reported a quarterly EPS of $2.10, which exceeded analysts' expectations, despite a slight decline in revenue compared to the previous year.
• The company recently increased its quarterly dividend from $0.15 to $0.1875 per share, reflecting a 1.2% yield and a dividend payout ratio of 10.87%.

Focus Partners Advisor Solutions LLC grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 69.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,331 shares of the transportation company's stock after purchasing an additional 6,277 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Delta Air Lines were worth $668,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DAL. Janney Montgomery Scott LLC lifted its stake in shares of 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 valued at $7,037,000 after acquiring an additional 9,034 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 valued at $160,900,000 after acquiring an additional 92,772 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of 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 valued at $548,000 after acquiring an additional 7,586 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 valued at $1,670,000 after acquiring an additional 2,973 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its stake in shares of 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 valued at $316,000 after acquiring an additional 6,677 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Performance

Shares of NYSE DAL traded up $0.57 during midday trading on Friday, hitting $61.12. 6,394,954 shares of the stock traded hands, compared to its average volume of 6,640,003. The firm has a 50-day moving average of $56.26 and a two-hundred day moving average of $50.56. The firm has a market capitalization of $39.91 billion, a P/E ratio of 8.86, a PEG ratio of 1.91 and a beta of 1.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, topping 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 company had revenue of $15.51 billion for the quarter, compared to analysts' expectations of $16.16 billion. During the same period last year, the firm earned $2.36 EPS. Delta Air Lines's revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, July 31st were issued a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's payout ratio is 10.87%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Sanford C. Bernstein restated an "outperform" rating on shares of Delta Air Lines in a report on Friday, July 11th. Citigroup boosted their price target on Delta Air Lines from $62.00 to $65.50 and gave the company a "buy" rating in a report on Friday, July 11th. TD Cowen boosted their price target on Delta Air Lines from $55.00 to $66.00 and gave the company a "buy" rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft boosted their price target on Delta Air Lines from $53.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Susquehanna set a $65.00 price target on Delta Air Lines and gave the company a "positive" rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $66.21.

Insider Buying and Selling

In other Delta Air Lines news, EVP Alain Bellemare sold 45,423 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the sale, the executive vice president directly owned 131,731 shares of the company's stock, valued at $7,318,974.36. This trade represents a 25.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter W. Carter sold 17,550 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $57.19, for a total value of $1,003,684.50. Following the sale, the executive vice president directly owned 191,442 shares in the company, valued at approximately $10,948,567.98. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,473 shares of company stock worth $7,663,496 in the last quarter. Company insiders own 0.96% of the company's stock.

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.