Parcion Private Wealth LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,217 shares of the transportation company's stock, valued at approximately $355,000.
A number of other institutional investors also recently modified their holdings of DAL. Brighton Jones LLC raised its holdings in shares of Delta Air Lines by 33.5% during 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 in the last quarter. GAMMA Investing LLC grew 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 valued at $418,000 after buying an additional 344 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew 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 valued at $4,795,000 after buying an additional 20,057 shares during the last quarter. PFG Investments LLC grew 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 valued at $327,000 after buying an additional 346 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew 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 valued at $10,912,000 after buying an additional 12,726 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on DAL shares. Raymond James Financial upped their price target on Delta Air Lines from $68.00 to $70.00 and gave the company a "strong-buy" rating in a research report on Friday, October 10th. HSBC upped their price target on Delta Air Lines from $69.20 to $73.70 and gave the company a "buy" rating in a research report on Friday, October 10th. Sanford C. Bernstein upped their price target on Delta Air Lines from $71.00 to $74.00 and gave the company an "outperform" rating in a research report on Friday, October 10th. Bernstein Bank upped their price target on Delta Air Lines from $60.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Finally, Susquehanna upped their price target on Delta Air Lines from $68.00 to $70.00 and gave the company a "positive" rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $71.53.
View Our Latest Analysis on Delta Air Lines
Delta Air Lines Trading Down 3.7%
NYSE DAL opened at $60.04 on Thursday. The business has a 50 day simple moving average of $59.60 and a 200 day simple moving average of $52.52. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The stock has a market capitalization of $39.20 billion, a P/E ratio of 8.46, a P/E/G ratio of 1.43 and a beta of 1.50. 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 (NYSE:DAL - Get Free Report) last released its earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The business had revenue of $8.40 billion during the quarter. Research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.
Delta Air Lines Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 annualized dividend and a yield of 1.2%. Delta Air Lines's dividend payout ratio (DPR) is currently 10.56%.
Insider Activity at Delta Air Lines
In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the transaction, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. This represents a 46.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 approximately $2,017,971.50. The trade was a 6.99% decrease in their position. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.
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.
Further Reading
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL - Free Report).
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