4,736 Shares in Delta Air Lines, Inc. (NYSE:DAL) Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) in the first quarter, HoldingsChannel reports. The fund purchased 4,736 shares of the transportation company’s stock, valued at approximately $227,000.

A number of other institutional investors also recently bought and sold shares of DAL. MeadowBrook Investment Advisors LLC purchased a new stake in Delta Air Lines in the fourth quarter worth about $27,000. Venturi Wealth Management LLC grew its holdings in Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after purchasing an additional 575 shares during the period. Manchester Capital Management LLC grew its holdings in Delta Air Lines by 26,166.7% in the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after purchasing an additional 785 shares during the period. Rise Advisors LLC grew its holdings in Delta Air Lines by 122.5% in the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after purchasing an additional 452 shares during the period. Finally, Nordwand Advisors LLC purchased a new stake in Delta Air Lines in the fourth quarter worth about $40,000. 69.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of recent research reports. HSBC initiated coverage on shares of Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 price objective on the stock. Susquehanna increased their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Bank of America increased their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Sanford C. Bernstein cut their price target on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average price target of $60.70.

Insider Activity

In other news, EVP Joanne D. Smith sold 4,846 shares of the firm’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 sale, the executive vice president now directly owns 112,421 shares in the company, valued at approximately $5,879,618.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Peter W. Carter sold 50,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the sale, the executive vice president now directly owns 143,328 shares in the company, valued at approximately $7,166,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joanne D. Smith sold 4,846 shares of the firm’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 sale, the executive vice president now owns 112,421 shares in the company, valued at $5,879,618.30. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

DAL stock traded up $0.74 on Thursday, hitting $43.68. The company had a trading volume of 4,510,767 shares, compared to its average volume of 9,732,004. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $53.86. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock’s 50-day simple moving average is $48.58 and its 200 day simple moving average is $45.77. The stock has a market cap of $28.19 billion, a price-to-earnings ratio of 6.18, a P/E/G ratio of 0.90 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.45 billion. During the same quarter in the prior year, the business posted $2.68 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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 given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 1.37%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.76%.

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.