Delta Air Lines, Inc. (DAL) Shares Bought by Welch Capital Partners LLC NY

Welch Capital Partners LLC NY boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,860 shares of the transportation company’s stock after buying an additional 2,370 shares during the period. Delta Air Lines makes up 3.4% of Welch Capital Partners LLC NY’s portfolio, making the stock its 7th largest position. Welch Capital Partners LLC NY’s holdings in Delta Air Lines were worth $10,418,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DAL. Nationwide Fund Advisors increased its position in shares of Delta Air Lines by 0.9% in the first quarter. Nationwide Fund Advisors now owns 570,441 shares of the transportation company’s stock valued at $26,217,000 after buying an additional 5,056 shares during the period. Diversified Trust Co increased its position in shares of Delta Air Lines by 2.5% in the first quarter. Diversified Trust Co now owns 11,266 shares of the transportation company’s stock valued at $518,000 after buying an additional 274 shares during the period. Hermes Investment Management Ltd. increased its position in shares of Delta Air Lines by 2.6% in the first quarter. Hermes Investment Management Ltd. now owns 1,791,533 shares of the transportation company’s stock valued at $82,339,000 after buying an additional 44,862 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Delta Air Lines during the first quarter valued at $180,000. Finally, Rothschild Investment Corp IL increased its position in shares of Delta Air Lines by 3.7% in the first quarter. Rothschild Investment Corp IL now owns 36,145 shares of the transportation company’s stock valued at $1,661,000 after buying an additional 1,275 shares during the period. Institutional investors and hedge funds own 87.88% of the company’s stock.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at 47.53 on Friday. Delta Air Lines, Inc. has a one year low of $35.90 and a one year high of $55.75. The firm has a market capitalization of $34.60 billion, a PE ratio of 9.42 and a beta of 1.20. The firm’s 50 day moving average is $51.98 and its 200-day moving average is $49.44. Delta Air Lines also was the recipient of unusually large options trading activity on Wednesday. Traders acquired 20,043 call options on the company. This represents an increase of approximately 109% compared to the typical daily volume of 9,579 call options.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.02. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The business had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.305 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.22 dividend on an annualized basis and a yield of 2.57%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s payout ratio is currently 16.10%.

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A number of research analysts have commented on the stock. Cowen and Company increased their price objective on shares of Delta Air Lines from $58.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. Evercore ISI reiterated an “outperform” rating and set a $66.00 price objective on shares of Delta Air Lines in a research note on Friday, July 14th. Imperial Capital increased their price objective on shares of Delta Air Lines from $52.00 to $54.00 and gave the company an “in-line” rating in a research note on Tuesday, July 11th. ValuEngine downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $60.00 price objective on shares of Delta Air Lines in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $60.56.

In other Delta Air Lines news, VP Craig M. Meynard sold 5,000 shares of Delta Air Lines stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.26, for a total transaction of $276,300.00. Following the sale, the vice president now owns 7,437 shares in the company, valued at $410,968.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO W Gilbert West sold 26,131 shares of Delta Air Lines stock in a transaction on Friday, May 26th. The stock was sold at an average price of $50.47, for a total transaction of $1,318,831.57. Following the sale, the chief operating officer now owns 89,232 shares in the company, valued at approximately $4,503,539.04. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 384,000 shares of company stock worth $30,720 and have sold 126,831 shares worth $6,703,732. 0.37% of the stock is owned by insiders.

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.

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

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