Laurel Wealth Advisors Inc. acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,651 shares of the transportation company’s stock, valued at approximately $303,000.
Several other large investors have also added to or reduced their stakes in the company. Roundview Capital LLC boosted its position in shares of Delta Air Lines by 0.3% during the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after acquiring an additional 15 shares in the last quarter. Patten Group Inc. lifted its holdings in shares of Delta Air Lines by 0.3% in the 1st quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock valued at $420,000 after purchasing an additional 30 shares during the last quarter. Traynor Capital Management Inc. lifted its holdings in shares of Delta Air Lines by 1.2% in the 2nd quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 58 shares during the last quarter. MUFG Securities EMEA plc lifted its holdings in shares of Delta Air Lines by 1.2% in the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock valued at $285,000 after purchasing an additional 65 shares during the last quarter. Finally, Banced Corp lifted its holdings in shares of Delta Air Lines by 1.2% in the 2nd quarter. Banced Corp now owns 7,895 shares of the transportation company’s stock valued at $425,000 after purchasing an additional 96 shares during the last quarter. 86.26% of the stock is owned by institutional investors and hedge funds.
In other Delta Air Lines news, EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total value of $199,800.00. Following the transaction, the executive vice president now owns 77,223 shares of the company’s stock, valued at $4,170,042. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George N. Mattson bought 6,000 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was acquired at an average cost of $45.44 per share, for a total transaction of $272,640.00. Following the acquisition, the director now directly owns 61,510 shares of the company’s stock, valued at $2,795,014.40. The disclosure for this purchase can be found here. In the last three months, insiders acquired 133,000 shares of company stock worth $282,800 and sold 75,700 shares worth $4,171,150. Company insiders own 0.37% of the company’s stock.
Delta Air Lines, Inc. (NYSE:DAL) traded down 0.0381% during mid-day trading on Wednesday, reaching $52.6799. The company’s stock had a trading volume of 4,983,243 shares. The stock’s 50-day moving average is $48.35 and its 200-day moving average is $49.40. The firm has a market capitalization of $38.14 billion, a PE ratio of 10.3701 and a beta of 1.24. Delta Air Lines, Inc. has a 12 month low of $37.91 and a 12 month high of $55.75.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same period last year, the firm earned $1.70 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Delta Air Lines, Inc. will post $5.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were issued a $0.305 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.31%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.25%.
Several research firms have recently weighed in on DAL. Morgan Stanley reissued an “overweight” rating and issued a $57.00 target price (up from $56.00) on shares of Delta Air Lines in a report on Wednesday, October 4th. UBS AG reissued a “buy” rating and issued a $62.00 target price (down from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Cowen and Company reduced their target price on Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, September 28th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $63.00 target price (down from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. Finally, Macquarie began coverage on Delta Air Lines in a report on Monday, September 25th. They issued an “outperform” rating and a $61.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $61.91.
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Delta Air Lines Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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