Independent Advisor Alliance reduced its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 19.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,288 shares of the transportation company's stock after selling 10,374 shares during the quarter. Independent Advisor Alliance's holdings in Delta Air Lines were worth $1,887,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Continuum Advisory LLC raised its stake in shares of Delta Air Lines by 44.2% during the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after buying an additional 179 shares during the period. Utah Retirement Systems raised its stake in Delta Air Lines by 0.4% in the 4th quarter. Utah Retirement Systems now owns 52,725 shares of the transportation company's stock valued at $3,190,000 after purchasing an additional 200 shares during the last quarter. Coppell Advisory Solutions LLC raised its stake in Delta Air Lines by 13.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,791 shares of the transportation company's stock valued at $109,000 after purchasing an additional 206 shares during the last quarter. Insigneo Advisory Services LLC raised its stake in Delta Air Lines by 2.8% in the 4th quarter. Insigneo Advisory Services LLC now owns 7,671 shares of the transportation company's stock valued at $464,000 after purchasing an additional 212 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its stake in Delta Air Lines by 1.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 21,148 shares of the transportation company's stock valued at $1,296,000 after purchasing an additional 222 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.
Delta Air Lines Stock Performance
Shares of DAL stock traded up $1.31 during trading hours on Friday, hitting $60.27. The stock had a trading volume of 9,821,226 shares, compared to its average volume of 10,822,699. The firm has a market capitalization of $39.35 billion, a PE ratio of 8.73, a PEG ratio of 1.86 and a beta of 1.56. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The stock's 50 day moving average is $52.46 and its 200 day moving average is $51.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33.
Delta Air Lines (NYSE:DAL - Get Free Report) last released 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. The business had revenue of $15,507,000 billion for the quarter, compared to analyst estimates of $16.16 billion. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.36 earnings per share. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.
Delta Air Lines Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be given a $0.1875 dividend. The ex-dividend date is Thursday, July 31st. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 annualized dividend and a yield of 1.2%. Delta Air Lines's dividend payout ratio (DPR) is currently 10.87%.
Insiders Place Their Bets
In other Delta Air Lines news, EVP Steven M. Sear sold 18,000 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the sale, the executive vice president directly owned 97,505 shares in the company, valued at approximately $5,456,379.80. The trade was a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter W. Carter sold 17,550 shares of the business'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 sale, the executive vice president owned 191,442 shares in the company, valued at approximately $10,948,567.98. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,973 shares of company stock worth $7,511,746. 0.88% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research analysts recently commented on DAL shares. 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 research note on Friday, July 11th. TD Cowen raised their target price on Delta Air Lines from $55.00 to $66.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Wolfe Research raised their price objective on Delta Air Lines from $56.00 to $63.00 in a research report on Monday, July 14th. UBS Group set a $72.00 price objective on Delta Air Lines in a research report on Friday, July 11th. Finally, BNP Paribas Exane raised their price objective on Delta Air Lines from $58.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, July 11th. Three research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Delta Air Lines currently has a consensus rating of "Moderate Buy" and an average target price of $66.21.
View Our Latest Analysis on DAL
Delta Air Lines Profile
(
Free Report)
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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