AE Wealth Management LLC lifted its stake in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 0.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,498 shares of the transportation company’s stock after acquiring an additional 1,195 shares during the period. AE Wealth Management LLC’s holdings in Delta Air Lines were worth $5,919,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in Delta Air Lines in the 1st quarter worth about $217,000. Panagora Asset Management Inc. lifted its holdings in shares of Delta Air Lines by 41.8% in the first quarter. Panagora Asset Management Inc. now owns 25,838 shares of the transportation company’s stock worth $1,022,000 after buying an additional 7,616 shares in the last quarter. APG Asset Management N.V. purchased a new position in Delta Air Lines during the first quarter valued at approximately $243,000. Raymond James Trust N.A. grew its stake in Delta Air Lines by 20.7% during the first quarter. Raymond James Trust N.A. now owns 9,918 shares of the transportation company’s stock valued at $392,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Cibc World Market Inc. lifted its stake in Delta Air Lines by 3.1% in the 1st quarter. Cibc World Market Inc. now owns 29,508 shares of the transportation company’s stock worth $1,168,000 after purchasing an additional 891 shares in the last quarter. 68.35% of the stock is currently owned by hedge funds and other institutional investors.
Delta Air Lines Price Performance
Shares of NYSE:DAL opened at $46.32 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 3.17. The stock has a market cap of $29.77 billion, a PE ratio of 15.70, a PEG ratio of 0.22 and a beta of 1.24. The company’s fifty day moving average is $37.46 and its 200 day moving average is $36.52. Delta Air Lines, Inc. has a 52 week low of $27.20 and a 52 week high of $47.41.
Delta Air Lines Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Monday, July 17th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, July 14th.
Insider Transactions at Delta Air Lines
In other news, Director David S. Taylor purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, April 26th. The stock was bought at an average cost of $32.83 per share, for a total transaction of $164,150.00. Following the acquisition, the director now directly owns 25,360 shares of the company’s stock, valued at approximately $832,568.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Delta Air Lines news, Director David S. Taylor purchased 5,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, April 26th. The shares were bought at an average price of $32.83 per share, for a total transaction of $164,150.00. Following the acquisition, the director now directly owns 25,360 shares in the company, valued at $832,568.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joanne D. Smith sold 7,513 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $36.90, for a total value of $277,229.70. Following the completion of the sale, the executive vice president now owns 107,782 shares of the company’s stock, valued at approximately $3,977,155.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 15,000 shares of company stock worth $503,250. Insiders own 0.89% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Delta Air Lines from $81.00 to $69.00 in a research report on Monday, May 8th. Bank of America boosted their target price on Delta Air Lines from $40.00 to $48.00 in a research report on Monday. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday. Raymond James boosted their price objective on Delta Air Lines from $53.00 to $54.00 and gave the stock a “strong-buy” rating in a report on Monday, April 3rd. Finally, Morgan Stanley started coverage on shares of Delta Air Lines in a research report on Wednesday. They issued a “top pick” rating on the stock. Fifteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average target price of $52.32.
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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.
Featured Stories
- Five stocks we like better than Delta Air Lines
- Is it Time To Ring The Register On Paychex?
- Micron Technology: A Reversal Is Imminent
- Can Topgolf Callaway Brands Crawl Out of the Bunker and Rally?
- McCormick Rebound Imminent: Executive Transition Complete
- 3 Reasons Boston Beer Stock Could Finally Hop Higher
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.
