Delta Air Lines, Inc. (NYSE:DAL) Holdings Cut by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,182 shares of the transportation company’s stock after selling 949 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in Delta Air Lines were worth $1,337,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. MeadowBrook Investment Advisors LLC bought a new position in Delta Air Lines during the fourth quarter valued at approximately $27,000. Manchester Capital Management LLC increased its stake in shares of Delta Air Lines by 26,166.7% during the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after purchasing an additional 785 shares during the last quarter. Rise Advisors LLC raised its holdings in shares of Delta Air Lines by 122.5% during the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 452 shares in the last quarter. Unique Wealth Strategies LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter valued at $40,000. Finally, Richard W. Paul & Associates LLC boosted its holdings in Delta Air Lines by 68.7% in the second quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock worth $42,000 after purchasing an additional 357 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

Shares of NYSE:DAL traded up $0.11 on Tuesday, hitting $42.60. 2,453,578 shares of the company were exchanged, compared to its average volume of 9,443,563. The company’s 50 day moving average price is $43.02 and its two-hundred day moving average price is $46.02. The firm has a market capitalization of $27.49 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 0.93 and a beta of 1.35. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.01). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. During the same quarter in the prior year, the firm earned $2.68 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Research analysts expect that Delta Air Lines, Inc. will post 5.94 earnings per share for the current year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th were given a $0.15 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 1.41%. The ex-dividend date was Tuesday, July 30th. Delta Air Lines’s dividend payout ratio (DPR) is 8.63%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Delta Air Lines news, Director Willie Cw Chiang bought 10,000 shares of the 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 completion of the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

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.