Savant Capital LLC Purchases 83,072 Shares of Delta Air Lines, Inc. $DAL

Savant Capital LLC boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 84.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,995 shares of the transportation company’s stock after purchasing an additional 83,072 shares during the quarter. Savant Capital LLC’s holdings in Delta Air Lines were worth $8,951,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Signature Resources Capital Management LLC purchased a new position in shares of Delta Air Lines during the second quarter valued at $25,000. NewSquare Capital LLC grew its holdings in Delta Air Lines by 184.6% during the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after acquiring an additional 371 shares in the last quarter. Activest Wealth Management increased its position in Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 593 shares during the period. Wealth Preservation Advisors LLC purchased a new position in Delta Air Lines during the 1st quarter valued at about $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Delta Air Lines in the 1st quarter valued at about $33,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the transaction, the senior vice president owned 15,816 shares of the company’s stock, valued at approximately $968,730. This trade represents a 46.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the sale, the executive vice president owned 81,109 shares of the company’s stock, valued at $5,055,523.97. The trade was a 22.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 39,833 shares of company stock worth $2,463,585. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DAL shares. Raymond James Financial increased their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “strong-buy” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. lifted 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. Rothschild & Co Redburn boosted their price target on Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday, October 14th. Dbs Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Wall Street Zen upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $71.53.

Delta Air Lines Stock Up 1.9%

Shares of DAL stock opened at $58.91 on Friday. The stock’s fifty day moving average price is $59.09 and its 200 day moving average price is $54.13. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The company has a market cap of $38.47 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The business had revenue of $8.40 billion during the quarter. On average, research 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 business also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, October 16th. Delta Air Lines’s payout ratio is currently 10.56%.

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.