Global Financial Private Client LLC Sells 2,348 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Global Financial Private Client LLC reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 64.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,303 shares of the transportation company’s stock after selling 2,348 shares during the quarter. Global Financial Private Client LLC’s holdings in Delta Air Lines were worth $63,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DAL. Manchester Capital Management LLC grew its holdings in shares of Delta Air Lines by 24.7% during the 1st quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 195 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Delta Air Lines by 4.0% during the 1st quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock valued at $276,000 after purchasing an additional 221 shares during the last quarter. Silverlake Wealth Management LLC grew its holdings in shares of Delta Air Lines by 2.9% during the 1st quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock valued at $390,000 after purchasing an additional 229 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Delta Air Lines by 7.2% during the 1st quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company’s stock valued at $166,000 after purchasing an additional 233 shares during the last quarter. Finally, Norden Group LLC grew its holdings in shares of Delta Air Lines by 1.8% during the 1st quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock valued at $670,000 after purchasing an additional 243 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on DAL. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. TD Cowen cut their target price on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Morgan Stanley reiterated an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. Sanford C. Bernstein cut their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 12th. Finally, Jefferies Financial Group cut their target price on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $60.70.

Delta Air Lines Stock Down 0.5 %

Shares of Delta Air Lines stock traded down $0.20 during trading on Wednesday, reaching $43.03. 7,714,310 shares of the company traded hands, compared to its average volume of 9,709,202. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86. The company has a 50 day moving average price of $47.85 and a 200-day moving average price of $45.86. The firm has a market capitalization of $27.77 billion, a PE ratio of 6.22, a P/E/G ratio of 0.89 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The company had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. During the same quarter in the previous year, the firm earned $2.68 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 6.26 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, July 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, July 30th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s payout ratio is 5.76%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total transaction of $253,445.80. Following the completion of the sale, the executive vice president now owns 112,421 shares in the company, valued at approximately $5,879,618.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Willie Cw Chiang bought 10,000 shares of Delta Air Lines stock in a transaction dated Friday, July 12th. The stock was purchased at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 4,846 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total transaction of $253,445.80. Following the completion of the sale, the executive vice president now owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.