Impact Partnership Wealth LLC Invests $473,000 in Delta Air Lines, Inc. (NYSE:DAL)

Impact Partnership Wealth LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,846 shares of the transportation company's stock, valued at approximately $473,000.

A number of other large investors have also recently made changes to their positions in DAL. Vanguard Group Inc. increased its stake in Delta Air Lines by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock valued at $4,380,820,000 after purchasing an additional 456,465 shares during the last quarter. Sanders Capital LLC increased its stake in Delta Air Lines by 6.9% in the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock valued at $1,800,754,000 after purchasing an additional 1,922,932 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Delta Air Lines by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company's stock valued at $968,234,000 after acquiring an additional 410,648 shares during the period. Capital World Investors boosted its holdings in shares of Delta Air Lines by 0.3% in the fourth quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock valued at $918,419,000 after acquiring an additional 46,101 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Delta Air Lines by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock valued at $670,994,000 after acquiring an additional 92,208 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Peter W. Carter sold 17,550 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total value of $1,003,684.50. Following the completion of the sale, the executive vice president owned 191,442 shares of the company's stock, valued at approximately $10,948,567.98. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven M. Sear sold 18,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $55.96, for a total value of $1,007,280.00. Following the completion of the sale, the executive vice president directly owned 97,505 shares of the company's stock, valued at approximately $5,456,379.80. This trade represents a 15.58% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,973 shares of company stock valued at $5,541,946. 0.88% of the stock is owned by company insiders.

Delta Air Lines Stock Performance

NYSE:DAL traded down $0.03 during midday trading on Friday, reaching $56.31. The stock had a trading volume of 8,975,576 shares, compared to its average volume of 9,912,508. The firm has a fifty day simple moving average of $50.42 and a two-hundred day simple moving average of $52.51. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. The stock has a market cap of $36.77 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.75 and a beta of 1.49.

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

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a yield of 1.33%. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's dividend payout ratio (DPR) is 10.87%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America decreased their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Susquehanna set a $65.00 price objective on Delta Air Lines and gave the company a "positive" rating in a report on Friday, July 11th. Raymond James Financial increased their price objective on Delta Air Lines from $60.00 to $68.00 in a report on Friday, July 11th. Susquehanna Bancshares increased their price objective on Delta Air Lines from $51.00 to $65.00 and gave the company a "positive" rating in a report on Friday, July 11th. Finally, Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $66.21.

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.