Global Wealth Management Investment Advisory Inc. Buys 2,187 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Global Wealth Management Investment Advisory Inc. boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 9.3% in the fourth quarter, HoldingsChannel reports. The firm owned 25,795 shares of the transportation company’s stock after acquiring an additional 2,187 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Delta Air Lines were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Perigon Wealth Management LLC lifted its holdings in Delta Air Lines by 10.4% in the third quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company’s stock valued at $382,000 after acquiring an additional 969 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Delta Air Lines by 132.3% in the 4th quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock worth $18,777,000 after purchasing an additional 265,852 shares during the period. Capital Advisors Inc. OK purchased a new position in shares of Delta Air Lines in the fourth quarter worth approximately $4,241,000. Meeder Asset Management Inc. boosted its holdings in shares of Delta Air Lines by 325.5% in the fourth quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock worth $3,124,000 after buying an additional 59,398 shares during the last quarter. Finally, U S Global Investors Inc. grew its position in Delta Air Lines by 21.1% during the fourth quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock valued at $178,400,000 after buying an additional 773,636 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Delta Air Lines

In related news, EVP Peter W. Carter sold 50,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the sale, the executive vice president now owns 143,328 shares of the company’s stock, valued at $7,166,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Peter W. Carter sold 50,000 shares of Delta Air Lines stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,500,000.00. Following the completion of the transaction, the executive vice president now owns 143,328 shares in the company, valued at $7,166,400. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 245,913 shares of company stock valued at $11,397,335. 0.89% of the stock is owned by corporate insiders.

Delta Air Lines Price Performance

NYSE DAL traded down $0.64 on Wednesday, reaching $49.43. The company had a trading volume of 3,942,154 shares, compared to its average volume of 10,785,474. The stock has a market capitalization of $31.90 billion, a PE ratio of 6.44, a price-to-earnings-growth ratio of 0.75 and a beta of 1.43. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $50.74. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The firm’s 50 day moving average price is $45.42 and its 200 day moving average price is $40.46.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts predict that Delta Air Lines, Inc. will post 6.55 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DAL shares. Morgan Stanley reiterated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft boosted their price target on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Bank of America raised their price objective on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Susquehanna boosted their price objective on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. Finally, UBS Group started coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price on the stock. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average price target of $58.29.

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.