Pure Financial Advisors LLC Buys Shares of 6,130 Delta Air Lines, Inc. $DAL

Pure Financial Advisors LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,130 shares of the transportation company’s stock, valued at approximately $301,000.

A number of other hedge funds have also made changes to their positions in DAL. Janney Montgomery Scott LLC increased its holdings in shares of Delta Air Lines by 5.9% in the first quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company’s stock valued at $7,037,000 after purchasing an additional 9,034 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Delta Air Lines by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company’s stock valued at $160,900,000 after purchasing an additional 92,772 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Delta Air Lines by 152.3% in the first quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company’s stock valued at $548,000 after purchasing an additional 7,586 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Delta Air Lines by 8.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company’s stock valued at $1,670,000 after purchasing an additional 2,973 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its holdings in shares of Delta Air Lines by 1,169.4% in the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 6,677 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Alain Bellemare sold 45,423 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the completion of the transaction, the executive vice president directly owned 131,731 shares in the company, valued at $7,318,974.36. This trade represents a 25.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter W. Carter sold 17,550 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total value of $1,003,684.50. Following the transaction, the executive vice president owned 191,442 shares of the company’s stock, valued at approximately $10,948,567.98. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,473 shares of company stock valued at $7,663,496. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on DAL shares. The Goldman Sachs Group increased their price target on Delta Air Lines from $60.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 11th. Raymond James Financial increased their price target on Delta Air Lines from $60.00 to $68.00 in a report on Friday, July 11th. JPMorgan Chase & Co. increased their price target on Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Wolfe Research increased their price target on Delta Air Lines from $56.00 to $63.00 in a report on Monday, July 14th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Delta Air Lines in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating and nineteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $67.84.

Delta Air Lines Trading Up 0.4%

Shares of Delta Air Lines stock opened at $57.32 on Friday. The firm has a market capitalization of $37.42 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.53 and a beta of 1.50. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. The stock has a 50 day moving average of $58.23 and a 200 day moving average of $51.19.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.The business had revenue of $15.51 billion during the quarter, compared to analyst estimates of $16.16 billion. During the same period last year, the business posted $2.36 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.87%.

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.