Wedmont Private Capital Increases Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Wedmont Private Capital grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 14.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 12,993 shares of the transportation company’s stock after acquiring an additional 1,638 shares during the quarter. Wedmont Private Capital’s holdings in Delta Air Lines were worth $643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Delta Air Lines during the 3rd quarter valued at $25,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines during the 2nd quarter valued at $31,000. Rise Advisors LLC increased its position 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 during the last quarter. Unique Wealth Strategies LLC purchased a new stake in shares of Delta Air Lines during the 2nd quarter valued at $40,000. Finally, Quarry LP purchased a new stake in shares of Delta Air Lines during the 2nd quarter valued at $41,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DAL shares. JPMorgan Chase & Co. raised their target price on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday. Sanford C. Bernstein increased their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday. Bank of America increased their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, TD Cowen cut their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $65.40.

Delta Air Lines Stock Up 2.1 %

Shares of NYSE DAL opened at $51.33 on Friday. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.86. The business has a 50-day simple moving average of $44.19 and a two-hundred day simple moving average of $46.89. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The company has a market cap of $33.13 billion, a P/E ratio of 7.39, a P/E/G ratio of 0.98 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the prior year, the business earned $2.03 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts anticipate that Delta Air Lines, Inc. will post 6.17 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. Delta Air Lines’s dividend payout ratio (DPR) is presently 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.