Wealthfront Advisers LLC Has $6.89 Million Stake in Delta Air Lines, Inc. $DAL

Wealthfront Advisers LLC lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 4.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 140,063 shares of the transportation company’s stock after selling 6,522 shares during the quarter. Wealthfront Advisers LLC’s holdings in Delta Air Lines were worth $6,888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signature Resources Capital Management LLC bought a new position in shares of Delta Air Lines in the second quarter valued at $25,000. Activest Wealth Management raised its holdings in shares of Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after acquiring an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in Delta Air Lines in the 1st quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new position in Delta Air Lines in the 1st quarter valued at about $33,000. Finally, Hara Capital LLC acquired a new position in Delta Air Lines during the 1st quarter valued at about $35,000. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael P. Huerta sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the sale, the director directly owned 33,245 shares in the company, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the sale, the executive vice president directly owned 81,109 shares in the company, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,833 shares of company stock valued at $2,463,585. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on DAL. Jefferies Financial Group increased their price objective on Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. The Goldman Sachs Group upped their price target on Delta Air Lines from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Raymond James Financial increased their price target on Delta Air Lines from $68.00 to $70.00 and gave the company a “strong-buy” rating in a research report on Friday, October 10th. UBS Group lifted their price objective on shares of Delta Air Lines from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Bernstein Bank upped their target price on shares of Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $71.53.

Delta Air Lines Trading Down 0.8%

Shares of DAL stock opened at $60.45 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The firm has a market cap of $39.47 billion, a P/E ratio of 8.51, a PEG ratio of 1.40 and a beta of 1.50. The company has a 50 day moving average of $59.60 and a 200-day moving average of $53.13. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The business had revenue of $8.40 billion during the quarter. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.2%. Delta Air Lines’s dividend payout ratio is presently 10.56%.

Delta Air Lines Company 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.