Delta Air Lines, Inc. $DAL Shares Acquired by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC increased its stake in Delta Air Lines by 50.2%, acquiring an additional 5,062 shares during the first quarter, bringing its total holdings to 15,141 shares valued at $660,000.
• Delta Air Lines announced a quarterly dividend increase from $0.15 to $0.1875 per share, reflecting a 1.3% dividend yield and a payout ratio of 10.87%.
• Several analysts have raised their price targets for Delta Air Lines, with JPMorgan Chase increasing its target from $66.00 to $72.00, while the consensus rating for the stock is "Buy" with a target price of $66.21.

RWA Wealth Partners LLC increased its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 50.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,141 shares of the transportation company's stock after buying an additional 5,062 shares during the period. RWA Wealth Partners LLC's holdings in Delta Air Lines were worth $660,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock valued at $32,000 after acquiring an additional 431 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Delta Air Lines in the 1st quarter worth approximately $33,000. Continuum Advisory LLC boosted its position in Delta Air Lines by 44.2% during the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after purchasing an additional 179 shares during the period. Hara Capital LLC acquired a new position in Delta Air Lines during the 1st quarter valued at approximately $35,000. Finally, N.E.W. Advisory Services LLC bought a new position in Delta Air Lines during the 1st quarter worth $40,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Activity

In other news, CEO Edward H. Bastian sold 35,000 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total value of $1,969,800.00. Following the completion of the sale, the chief executive officer owned 632,823 shares in the company, valued at $35,615,278.44. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven M. Sear sold 18,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president directly owned 97,505 shares of the company's stock, valued at $5,456,379.80. This represents a 15.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,473 shares of company stock worth $7,663,496 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.

Delta Air Lines Price Performance

DAL traded up $3.7920 on Friday, reaching $61.6320. The company had a trading volume of 10,298,637 shares, compared to its average volume of 7,192,062. The company has a market capitalization of $40.24 billion, a P/E ratio of 8.93, a PEG ratio of 1.93 and a beta of 1.56. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $53.69 and a 200-day moving average of $50.88. 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 released its quarterly 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. The company had revenue of $15,507,000 billion for the quarter, compared to the consensus estimate of $16.16 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. Delta Air Lines's revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.36 EPS. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wolfe Research raised their target price on Delta Air Lines from $56.00 to $63.00 in a research note on Monday, July 14th. Barclays lifted their price objective on shares of Delta Air Lines from $58.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Sanford C. Bernstein reissued an "outperform" rating on shares of Delta Air Lines in a research note on Friday, July 11th. The Goldman Sachs Group upped their target price on shares of 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, Deutsche Bank Aktiengesellschaft lifted 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. Two investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $66.21.

Delta Air Lines 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.