Wellington Shields Capital Management LLC Invests $970,000 in Delta Air Lines, Inc. (DAL) Stock

Wellington Shields Capital Management LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,120 shares of the transportation company’s stock, valued at approximately $970,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Roundview Capital LLC increased its stake in shares of Delta Air Lines by 0.3% in the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after buying an additional 15 shares during the period. Patten Group Inc. increased its stake 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 buying an additional 30 shares during the period. Traynor Capital Management Inc. increased its stake 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 buying an additional 58 shares during the period. MUFG Securities EMEA plc increased its stake 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 buying an additional 65 shares during the period. Finally, Advisory Services Network LLC increased its stake in shares of Delta Air Lines by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after buying an additional 75 shares during the period. 87.54% of the stock is owned by institutional investors.

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Delta Air Lines, Inc. (NYSE DAL) traded down $0.03 during mid-day trading on Tuesday, reaching $48.86. The company’s stock had a trading volume of 5,182,500 shares, compared to its average volume of 7,895,113. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $34,840.00, a price-to-earnings ratio of 10.19, a PEG ratio of 1.48 and a beta of 1.28. Delta Air Lines, Inc. has a 52-week low of $43.81 and a 52-week high of $55.75.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.04. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. sell-side analysts expect that Delta Air Lines, Inc. will post 5.01 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.305 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.22 annualized dividend and a yield of 2.50%. Delta Air Lines’s dividend payout ratio is presently 24.45%.

Several equities research analysts have recently commented on the company. BidaskClub raised Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Vetr cut Delta Air Lines from a “strong-buy” rating to a “sell” rating and set a $45.16 target price for the company. in a research note on Monday. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Imperial Capital reissued a “hold” rating and issued a $50.00 target price on shares of Delta Air Lines in a research note on Wednesday, September 6th. Finally, Cowen and Company reissued a “buy” rating and issued a $66.00 target price on shares of Delta Air Lines in a research note on Monday, August 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $63.39.

In other news, CEO Edward H. Bastian sold 159,240 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $53.06, for a total value of $8,449,274.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joanne D. Smith sold 33,863 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $53.61, for a total value of $1,815,395.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 200,001 shares of company stock worth $10,630,333. Corporate insiders own 0.37% of the company’s stock.

Delta Air Lines Company 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.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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