IHT Wealth Management LLC increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 40.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 758 shares of the transportation company’s stock after buying an additional 220 shares during the quarter. IHT Wealth Management LLC’s holdings in Delta Air Lines were worth $146,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new position in shares of Delta Air Lines during the first quarter worth about $100,000. Ruggie Capital Group grew its holdings in shares of Delta Air Lines by 1,187.0% during the first quarter. Ruggie Capital Group now owns 2,767 shares of the transportation company’s stock worth $127,000 after buying an additional 2,552 shares in the last quarter. Bessemer Group Inc. grew its holdings 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 buying an additional 1,298 shares in the last quarter. Independent Portfolio Consultants Inc. grew its holdings in shares of Delta Air Lines by 87.6% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,964 shares of the transportation company’s stock worth $159,000 after buying an additional 1,384 shares in the last quarter. Finally, Hartland & Co. LLC bought a new position in shares of Delta Air Lines during the first quarter worth about $201,000. Institutional investors and hedge funds own 86.26% of the company’s stock.
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In other Delta Air Lines news, Director George N. Mattson bought 6,000 shares of Delta Air Lines stock in a transaction dated Thursday, August 24th. The stock was bought at an average cost of $45.44 per share, with a total value of $272,640.00. Following the completion of the acquisition, the director now directly owns 61,510 shares in the company, valued at approximately $2,795,014.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Craig M. Meynard sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.26, for a total value of $276,300.00. Following the completion of the transaction, the vice president now directly owns 7,437 shares of the company’s stock, valued at $410,968.62. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 76,000 shares of company stock valued at $278,240 and sold 75,700 shares valued at $4,171,150. Corporate insiders own 0.37% of the company’s stock.
Delta Air Lines, Inc. (DAL) traded down 0.21% during mid-day trading on Thursday, hitting $52.96. The stock had a trading volume of 1,256,213 shares. The stock has a market cap of $38.55 billion, a PE ratio of 10.50 and a beta of 1.24. Delta Air Lines, Inc. has a 1-year low of $37.91 and a 1-year high of $55.75. The firm’s 50-day moving average price is $48.51 and its 200-day moving average price is $49.42.
Delta Air Lines (NYSE:DAL) last released its earnings results 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 company 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 28.33% and a net margin of 9.30%. Delta Air Lines’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 earnings per share. On average, equities analysts expect that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were issued a $0.305 dividend. The ex-dividend date of this dividend was Monday, August 21st. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 annualized dividend and a dividend yield of 2.30%. Delta Air Lines’s dividend payout ratio is currently 24.25%.
A number of research firms recently issued reports on DAL. Cowen and Company increased their price objective on Delta Air Lines from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday. Imperial Capital upgraded Delta Air Lines from an “in-line” rating to an “outperform” rating in a report on Thursday. Morgan Stanley reiterated an “overweight” rating and set a $57.00 price objective (up from $56.00) on shares of Delta Air Lines in a report on Wednesday, October 4th. UBS AG reiterated a “buy” rating and set a $62.00 price objective (down from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $63.00 price objective (down from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $62.15.
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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