LRI Investments LLC Sells 457 Shares of Delta Air Lines, Inc. $DAL

LRI Investments LLC lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 10.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,791 shares of the transportation company’s stock after selling 457 shares during the period. LRI Investments LLC’s holdings in Delta Air Lines were worth $186,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Signature Resources Capital Management LLC bought a new stake in shares of Delta Air Lines during the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Delta Air Lines in the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT bought a new stake in shares of Delta Air Lines in the first quarter valued at approximately $33,000. Hara Capital LLC bought a new stake in shares of Delta Air Lines in the first quarter valued at approximately $35,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Delta Air Lines in the first quarter valued at approximately $40,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL opened at $57.56 on Monday. 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. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The stock has a fifty day simple moving average of $58.65 and a 200 day simple moving average of $51.60. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68.

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

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be given 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 is 10.56%.

Insider Activity at Delta Air Lines

In other news, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director owned 33,245 shares of the company’s stock, valued at $2,017,971.50. This represents a 6.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter W. Carter sold 17,550 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total transaction of $1,003,684.50. Following the completion of the sale, the executive vice president owned 191,442 shares in the company, valued at $10,948,567.98. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,050 shares of company stock worth $5,139,795 over the last quarter. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DAL. Susquehanna boosted their price target on Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research note on Friday. Wolfe Research boosted their price target on Delta Air Lines from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. BNP Paribas Exane boosted their price objective on shares of Delta Air Lines from $58.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. Morgan Stanley boosted their price objective on shares of Delta Air Lines from $88.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Finally, Susquehanna Bancshares boosted their price objective on shares of Delta Air Lines from $51.00 to $65.00 and gave the company a “positive” rating in a research report on Friday, July 11th. One equities 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, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $70.11.

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.