Jackson Thornton Wealth Management LLC Invests $268,000 in Delta Air Lines, Inc. $DAL

Key Points

• Jackson Thornton Wealth Management LLC has invested $268,000 in Delta Air Lines, Inc., acquiring 5,303 shares as per their latest 13F filing.
• Multiple large investors, including Brighton Jones LLC and Wealth Enhancement Advisory Services LLC, have increased their positions in Delta Air Lines, indicating growing institutional confidence in the stock.
• Analysts have raised their target prices for Delta Air Lines, with JPMorgan increasing it to $85.00, and the stock currently holds a consensus rating of "Buy."

Jackson Thornton Wealth Management LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,303 shares of the transportation company's stock, valued at approximately $268,000.

Several other large investors have also made changes to their positions in DAL. Brighton Jones LLC raised its position in shares of Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock worth $555,000 after buying an additional 2,302 shares during the period. GAMMA Investing LLC raised its position in shares of Delta Air Lines by 3.7% in the 1st quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company's stock worth $418,000 after buying an additional 344 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Delta Air Lines by 22.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 109,977 shares of the transportation company's stock worth $4,795,000 after buying an additional 20,057 shares during the period. PFG Investments LLC raised its position in shares of Delta Air Lines by 4.8% in the 1st quarter. PFG Investments LLC now owns 7,492 shares of the transportation company's stock worth $327,000 after buying an additional 346 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Delta Air Lines by 5.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 250,279 shares of the transportation company's stock worth $10,912,000 after buying an additional 12,726 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Delta Air Lines from $72.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Raymond James Financial increased their target price on Delta Air Lines from $68.00 to $70.00 and gave the stock a "strong-buy" rating in a research report on Friday, October 10th. Bernstein Bank increased their target price 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. The Goldman Sachs Group increased 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. Finally, BNP Paribas Exane raised their price objective on Delta Air Lines from $58.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. One investment 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 stock presently has a consensus rating of "Buy" and a consensus target price of $71.53.

Insider Activity

In other news, CEO Edward H. Bastian sold 35,000 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the completion of the sale, the chief executive officer directly owned 632,823 shares in the company, valued at $35,615,278.44. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the sale, the director owned 33,245 shares of the company's stock, valued at $2,017,971.50. This represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,510 shares of company stock worth $2,979,663 over the last ninety days. Corporate insiders own 0.96% of the company's stock.

Delta Air Lines Trading Up 3.5%

NYSE:DAL opened at $61.73 on Tuesday. The business's 50-day moving average is $59.51 and its two-hundred day moving average is $52.40. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The firm has a market capitalization of $40.31 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 1.37 and a beta of 1.50.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The company had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. Research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.2%. Delta Air Lines's dividend payout ratio (DPR) is currently 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.

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