Vigilare Wealth Management Makes New $538,000 Investment in Delta Air Lines, Inc. $DAL

Vigilare Wealth Management purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,746 shares of the transportation company’s stock, valued at approximately $538,000.

A number of other hedge funds also recently bought and sold shares of the stock. CX Institutional grew its position in shares of Delta Air Lines by 3.2% during the second quarter. CX Institutional now owns 8,020 shares of the transportation company’s stock worth $751,000 after buying an additional 246 shares in the last quarter. SWP Investment Management LLC increased its stake in shares of Delta Air Lines by 45.6% during the second quarter. SWP Investment Management LLC now owns 33,930 shares of the transportation company’s stock worth $3,178,000 after buying an additional 10,630 shares during the period. First Financial Bank Trust Division increased its stake in shares of Delta Air Lines by 4.8% during the second quarter. First Financial Bank Trust Division now owns 4,949 shares of the transportation company’s stock worth $464,000 after buying an additional 228 shares during the period. WealthPoint Financial LLC acquired a new stake in Delta Air Lines in the first quarter valued at approximately $205,000. Finally, Basecamp Wealth Advisors LLC raised its holdings in Delta Air Lines by 10.9% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,582 shares of the transportation company’s stock valued at $105,000 after acquiring an additional 156 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the sale, the executive vice president owned 95,025 shares in the company, valued at approximately $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total value of $737,960.00. Following the completion of the sale, the executive vice president owned 138,854 shares of the company’s stock, valued at approximately $10,552,904. This represents a 6.54% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 65,331 shares of company stock worth $5,036,638. 0.80% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $91.60 on Tuesday. The stock’s 50-day moving average is $85.60 and its two-hundred day moving average is $74.30. The firm has a market cap of $60.24 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.10 and a beta of 1.31. Delta Air Lines, Inc. has a 1 year low of $51.23 and a 1 year high of $95.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The business had revenue of $17.67 billion for the quarter, compared to analysts’ expectations of $17.43 billion. During the same quarter in the previous year, the firm earned $2.10 earnings per share. The business’s revenue was up 18.7% compared to the same quarter last year. Analysts predict that Delta Air Lines, Inc. will post 6.54 earnings per share for the current year.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 0.9%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, July 9th. Delta Air Lines’s dividend payout ratio is presently 14.26%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Seaport Research Partners lifted their price target on shares of Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Morgan Stanley lifted their price target on Delta Air Lines from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Barclays upped their price objective on Delta Air Lines from $85.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. HSBC cut their target price on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Finally, Benchmark reaffirmed a “buy” rating on shares of Delta Air Lines in a report on Wednesday, July 8th. Twenty-three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.40.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.