Delta Air Lines, Inc. $DAL Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 11.6% during the second quarter, HoldingsChannel reports. The fund owned 21,028 shares of the transportation company’s stock after acquiring an additional 2,189 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Delta Air Lines were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC acquired a new position in Delta Air Lines during the second quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new position in Delta Air Lines during the first quarter worth about $31,000. Zions Bancorporation National Association UT acquired a new position in Delta Air Lines during the first quarter worth about $33,000. Hara Capital LLC acquired a new position in Delta Air Lines during the first quarter worth about $35,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Delta Air Lines during the first quarter worth about $40,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the sale, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. This trade represents a 46.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the sale, the chief executive officer owned 632,823 shares in the company, valued at approximately $35,615,278.44. This trade represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,510 shares of company stock worth $2,979,663. 0.88% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DAL has been the topic of several recent analyst reports. Morgan Stanley upped their target price on shares of Delta Air Lines from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Raymond James Financial upped 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 report on Friday, October 10th. HSBC upped their target price on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research report on Friday, October 10th. Susquehanna raised their price objective 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. Finally, The Goldman Sachs Group upped their target price on Delta Air Lines from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $71.53.

Delta Air Lines Price Performance

DAL stock opened at $59.70 on Friday. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. 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 stock’s 50 day moving average price is $59.35 and its 200 day moving average price is $52.13. The firm has a market cap of $38.98 billion, a P/E ratio of 8.41, a PEG ratio of 1.37 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) 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 for the quarter. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a dividend of $0.1875 per share. The ex-dividend date 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 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.