B. Riley Wealth Advisors Inc. Has $2.11 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

B. Riley Wealth Advisors Inc. raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 5.5% in the 1st quarter, HoldingsChannel reports. The fund owned 44,144 shares of the transportation company’s stock after purchasing an additional 2,301 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Delta Air Lines were worth $2,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. Capital International Investors raised its holdings in shares of Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after acquiring an additional 1,689,053 shares during the period. Capital World Investors lifted its holdings in shares of Delta Air Lines by 0.3% during the 1st quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock worth $719,526,000 after acquiring an additional 49,712 shares during the period. Wellington Management Group LLP boosted its stake in shares of Delta Air Lines by 220.2% in the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after purchasing an additional 5,914,301 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Delta Air Lines by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company’s stock valued at $336,908,000 after acquiring an additional 826,232 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in shares of Delta Air Lines by 27.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after purchasing an additional 1,376,221 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DAL shares. Morgan Stanley restated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price target on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. TD Cowen cut their price objective on 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. Jefferies Financial Group reduced their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Finally, 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. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $60.70.

Delta Air Lines Stock Down 0.5 %

Shares of NYSE DAL traded down $0.20 during mid-day trading on Wednesday, hitting $43.03. The company had a trading volume of 7,714,310 shares, compared to its average volume of 9,709,202. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86. The company has a market capitalization of $27.77 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 0.89 and a beta of 1.35. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The business’s 50-day simple moving average is $47.85 and its 200 day simple moving average is $45.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data 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). The firm had revenue of $15.41 billion for the quarter, compared to analysts’ expectations of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.68 EPS. On average, analysts predict that Delta Air Lines, Inc. will post 6.26 earnings per share for the current year.

Delta Air Lines Increases Dividend

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

Insider Activity

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

Delta Air Lines Company 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.