Arkadios Wealth Advisors Has $604,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Arkadios Wealth Advisors grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 84.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 12,740 shares of the transportation company’s stock after purchasing an additional 5,845 shares during the quarter. Arkadios Wealth Advisors’ holdings in Delta Air Lines were worth $604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. American International Group Inc. lifted its holdings in shares of Delta Air Lines by 1.6% in the fourth quarter. American International Group Inc. now owns 181,107 shares of the transportation company’s stock worth $7,286,000 after acquiring an additional 2,783 shares during the last quarter. First Hawaiian Bank bought a new stake in shares of Delta Air Lines during the first quarter worth $749,000. Wells Fargo & Company MN grew its stake in shares of Delta Air Lines by 7.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock worth $45,364,000 after buying an additional 73,936 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Delta Air Lines by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 50,358 shares of the transportation company’s stock worth $2,384,000 after buying an additional 1,362 shares in the last quarter. Finally, RFG Advisory LLC bought a new position in shares of Delta Air Lines in the 1st quarter valued at $1,108,000. 69.93% of the stock is currently owned by institutional investors.

Insider Activity at Delta Air Lines

In related news, Director Willie Cw Chiang bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $878,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is owned by insiders.

Delta Air Lines Stock Up 2.8 %

DAL traded up $1.13 during midday trading on Thursday, hitting $41.56. The company had a trading volume of 8,814,873 shares, compared to its average volume of 9,490,104. The stock’s 50 day moving average price is $43.46 and its 200 day moving average price is $45.95. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.86. The company has a market capitalization of $26.82 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 0.86 and a beta of 1.35. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21.

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 analysts’ consensus estimates of $2.37 by ($0.01). The firm had revenue of $15.41 billion during the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. Delta Air Lines’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.68 earnings per share. On average, research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, July 30th were given a dividend of $0.15 per share. The ex-dividend date was 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 dividend yield of 1.44%. Delta Air Lines’s payout ratio is presently 8.63%.

Analysts Set New Price Targets

DAL has been the subject of a number of recent research reports. TD Cowen lowered their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Sanford C. Bernstein reduced 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 report on Friday, July 12th. Citigroup lifted their price target on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. HSBC started coverage on Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 price objective for the company. Finally, Jefferies Financial Group reduced their price target on 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 given a strong buy rating to the company. According to MarketBeat, Delta Air Lines has an average rating of “Buy” and a consensus target price of $60.70.

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.