Northern Oak Wealth Management Inc. lifted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,734 shares of the transportation company’s stock after buying an additional 7,238 shares during the quarter. Northern Oak Wealth Management Inc.’s holdings in Delta Air Lines were worth $6,015,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of DAL. IHT Wealth Management LLC grew its position in shares of Delta Air Lines by 40.9% during the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after purchasing an additional 220 shares in the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Delta Air Lines during the second quarter worth about $114,000. Bessemer Group Inc. grew its position in shares of Delta Air Lines by 104.3% during the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after purchasing an additional 1,298 shares in the last quarter. Advisory Services Network LLC grew its holdings in Delta Air Lines by 3.0% during 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 in the last quarter. Finally, BB&T Investment Services Inc. purchased a new position in Delta Air Lines during the 2nd quarter valued at approximately $128,000. 85.24% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Edward H. Bastian sold 159,240 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $53.06, for a total transaction of $8,449,274.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward H. Bastian sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total value of $1,055,800.00. The disclosure for this sale can be found here. Insiders sold a total of 239,810 shares of company stock valued at $12,684,903 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.
Delta Air Lines, Inc. (NYSE:DAL) traded down $0.75 during trading hours on Wednesday, hitting $53.62. The stock had a trading volume of 6,030,500 shares, compared to its average volume of 7,766,008. The company has a market cap of $38,764.35, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.65 and a beta of 1.29. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $55.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.04. The business had revenue of $11.06 billion during 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 last year, the company earned $1.70 EPS. analysts expect that Delta Air Lines, Inc. will post 5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, November 16th. Delta Air Lines’s payout ratio is 24.50%.
Several research firms have weighed in on DAL. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a report on Tuesday, September 12th. BidaskClub cut Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, August 25th. UBS restated a “buy” rating and set a $62.00 price target (down previously from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Vetr cut Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target for the company. in a report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Delta Air Lines currently has a consensus rating of “Buy” and a consensus target price of $63.39.
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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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