Foguth Wealth Management LLC. Invests $234,000 in Delta Air Lines, Inc. (NYSE:DAL)

Foguth Wealth Management LLC. purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,932 shares of the transportation company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC bought a new position in Delta Air Lines in the 4th quarter valued at $27,000. Manchester Capital Management LLC boosted its holdings in Delta Air Lines by 26,166.7% in the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 785 shares during the last quarter. Rise Advisors LLC increased its position in Delta Air Lines by 122.5% in the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after purchasing an additional 452 shares during the period. Nordwand Advisors LLC acquired a new stake in Delta Air Lines in the fourth quarter worth about $40,000. Finally, Private Wealth Management Group LLC bought a new stake in Delta Air Lines during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DAL. Sanford C. Bernstein reduced their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, July 12th. TD Cowen lowered their target price on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Citigroup increased their price target on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Jefferies Financial Group reduced their price target on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Finally, HSBC started coverage on Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 price objective for the company. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $60.70.

Insider Activity

In other news, Director Willie Cw Chiang bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average price of $43.90 per share, with a total value of $439,000.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $878,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Up 1.2 %

Shares of NYSE DAL traded up $0.46 during mid-day trading on Tuesday, reaching $39.52. 7,611,983 shares of the company’s stock were exchanged, compared to its average volume of 9,742,906. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 0.86 and a beta of 1.35. The business has a fifty day simple moving average of $45.59 and a 200 day simple moving average of $45.96.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.01). The company had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $2.68 earnings per share. As a group, equities analysts expect that Delta Air Lines, Inc. will post 6.26 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, July 30th will be paid a $0.15 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, July 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.52%. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.63%.

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.