Delta Air Lines, Inc. $DAL Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,039 shares of the transportation company’s stock after purchasing an additional 893 shares during the period. Apollon Wealth Management LLC’s holdings in Delta Air Lines were worth $641,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DAL. Kingstone Capital Partners Texas LLC acquired a new stake in Delta Air Lines during the 2nd quarter worth $386,364,000. Pacer Advisors Inc. boosted its stake in Delta Air Lines by 5,224.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company’s stock worth $189,081,000 after purchasing an additional 4,255,262 shares during the period. AQR Capital Management LLC boosted its stake in Delta Air Lines by 149.9% during the 1st quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock worth $246,487,000 after purchasing an additional 3,577,489 shares during the period. Ameriprise Financial Inc. boosted its stake in Delta Air Lines by 347.4% during the 1st quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company’s stock worth $184,909,000 after purchasing an additional 3,286,741 shares during the period. Finally, Ninety One UK Ltd lifted its stake in shares of Delta Air Lines by 1,469.9% in the 1st quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company’s stock worth $144,273,000 after acquiring an additional 3,098,237 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

DAL has been the subject of several recent analyst reports. Rothschild & Co Redburn raised their target price on shares of Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday. Susquehanna Bancshares raised their target price on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock a “positive” rating in a research note on Friday, July 11th. Raymond James Financial raised their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 10th. Finally, Susquehanna raised their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $71.53.

Insider Activity

In other news, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the completion of the sale, the chief executive officer directly owned 632,823 shares in the company, valued at $35,615,278.44. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the sale, the director owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

Delta Air Lines Stock Performance

NYSE:DAL opened at $61.76 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $59.09 and a two-hundred day moving average price of $51.83. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a market capitalization of $40.32 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 1.58 and a beta of 1.50.

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

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

About Delta Air Lines

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.