Delta Air Lines, Inc. $DAL Shares Sold by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,221 shares of the transportation company’s stock after selling 1,088 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Delta Air Lines were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Delta Air Lines by 0.7% during the first quarter. Vanguard Group Inc. now owns 72,924,506 shares of the transportation company’s stock worth $3,179,508,000 after buying an additional 514,264 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Delta Air Lines during the second quarter worth about $386,364,000. Invesco Ltd. grew its position in Delta Air Lines by 30.2% during the first quarter. Invesco Ltd. now owns 7,242,852 shares of the transportation company’s stock worth $315,788,000 after buying an additional 1,681,464 shares during the period. AQR Capital Management LLC grew its position in Delta Air Lines by 149.9% during the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock worth $246,487,000 after buying an additional 3,577,489 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Delta Air Lines by 66.9% during the first quarter. Bank of New York Mellon Corp now owns 5,915,545 shares of the transportation company’s stock worth $257,918,000 after buying an additional 2,370,795 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

Shares of DAL opened at $57.56 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The company has a market capitalization of $37.59 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 1.48 and a beta of 1.50. The company’s 50 day simple moving average is $58.65 and its 200 day simple moving average is $51.60. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $8.40 billion for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.56%.

Analyst Ratings Changes

Several research firms have recently commented on DAL. Barclays increased their price target on shares of Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. UBS Group increased their price target on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday. Dbs Bank upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Seaport Global Securities increased their price target on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Finally, Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $70.11.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Steven M. Sear sold 18,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the transaction, the executive vice president owned 97,505 shares of the company’s stock, valued at $5,456,379.80. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director directly owned 33,245 shares in the company, valued at approximately $2,017,971.50. This represents a 6.99% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,050 shares of company stock worth $5,139,795. 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.