Commonwealth Equity Services LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 34.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 417,664 shares of the transportation company’s stock after purchasing an additional 108,136 shares during the period. Commonwealth Equity Services LLC owned about 0.06% of Delta Air Lines worth $14,584,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ameritas Advisory Services LLC lifted its holdings in shares of Delta Air Lines by 2.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 12,655 shares of the transportation company’s stock valued at $416,000 after purchasing an additional 263 shares in the last quarter. CVA Family Office LLC grew its stake in Delta Air Lines by 7.5% during the 4th quarter. CVA Family Office LLC now owns 3,973 shares of the transportation company’s stock valued at $131,000 after acquiring an additional 278 shares in the last quarter. Main Street Financial Solutions LLC lifted its position in shares of Delta Air Lines by 3.3% in the first quarter. Main Street Financial Solutions LLC now owns 9,113 shares of the transportation company’s stock worth $318,000 after purchasing an additional 291 shares in the last quarter. Forum Financial Management LP grew its position in Delta Air Lines by 3.5% during the first quarter. Forum Financial Management LP now owns 8,675 shares of the transportation company’s stock valued at $343,000 after purchasing an additional 292 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Delta Air Lines by 1.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 20,683 shares of the transportation company’s stock worth $680,000 after buying an additional 294 shares in the last quarter. Institutional investors and hedge funds own 71.29% of the company’s stock.
Insider Buying and Selling
In other news, EVP Joanne D. Smith sold 7,513 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $36.90, for a total value of $277,229.70. Following the completion of the transaction, the executive vice president now owns 107,782 shares in the company, valued at approximately $3,977,155.80. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Peter W. Carter sold 7,056 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $45.00, for a total value of $317,520.00. Following the transaction, the executive vice president now directly owns 184,136 shares of the company’s stock, valued at approximately $8,286,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joanne D. Smith sold 7,513 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $36.90, for a total value of $277,229.70. Following the sale, the executive vice president now directly owns 107,782 shares of the company’s stock, valued at $3,977,155.80. The disclosure for this sale can be found here. Insiders sold a total of 47,992 shares of company stock valued at $2,116,582 over the last ninety days. 0.89% of the stock is owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on Delta Air Lines
Delta Air Lines Price Performance
Shares of Delta Air Lines stock opened at $41.70 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.46 and a quick ratio of 0.41. The company has a market cap of $26.83 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 0.17 and a beta of 1.30. The firm has a fifty day moving average price of $45.36 and a two-hundred day moving average price of $39.22. Delta Air Lines, Inc. has a fifty-two week low of $27.20 and a fifty-two week high of $49.81.
Delta Air Lines (NYSE:DAL – Get Free Report) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.28. Delta Air Lines had a net margin of 5.36% and a return on equity of 59.56%. The business had revenue of $15.58 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts expect that Delta Air Lines, Inc. will post 6.67 EPS for the current year.
Delta Air Lines Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Monday, July 17th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, July 14th. Delta Air Lines’s dividend payout ratio is presently 8.62%.
About Delta Air Lines
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.
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