Arkadios Wealth Advisors Buys 5,890 Shares of Delta Air Lines, Inc. $DAL

Arkadios Wealth Advisors increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 35.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,388 shares of the transportation company’s stock after purchasing an additional 5,890 shares during the quarter. Arkadios Wealth Advisors’ holdings in Delta Air Lines were worth $1,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC increased its stake in shares of Delta Air Lines by 33.5% in the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after purchasing an additional 2,302 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Delta Air Lines by 8.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company’s stock worth $1,670,000 after acquiring an additional 2,973 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Delta Air Lines by 15.6% in the first quarter. Mather Group LLC. now owns 3,547 shares of the transportation company’s stock worth $155,000 after buying an additional 479 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Delta Air Lines by 6.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,947 shares of the transportation company’s stock worth $1,262,000 after purchasing an additional 1,649 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in Delta Air Lines by 2.1% in the 1st quarter. DAVENPORT & Co LLC now owns 14,597 shares of the transportation company’s stock worth $636,000 after acquiring an additional 299 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the sale, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This represents a 46.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael P. Huerta sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the sale, the director owned 33,245 shares in the company, valued at $2,017,971.50. The trade was a 6.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 39,833 shares of company stock valued at $2,463,585. 0.88% of the stock is currently owned by insiders.

Delta Air Lines Stock Up 0.4%

NYSE:DAL opened at $57.34 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company’s 50-day simple moving average is $59.44 and its 200-day simple moving average is $53.62. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The stock has a market capitalization of $37.44 billion, a P/E ratio of 8.08, a P/E/G ratio of 1.35 and a beta of 1.50.

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

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. Delta Air Lines’s payout ratio is 10.56%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DAL shares. Bernstein Bank upped their price target on Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, July 11th. HSBC lifted their target price on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research report on Friday, October 10th. Evercore ISI upped their price objective on Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Dbs Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Wolfe Research raised their price objective on Delta Air Lines from $63.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $71.53.

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.