Savant Capital LLC Acquires 83,072 Shares of Delta Air Lines, Inc. $DAL

Savant Capital LLC boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 84.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 181,995 shares of the transportation company’s stock after purchasing an additional 83,072 shares during the quarter. Savant Capital LLC’s holdings in Delta Air Lines were worth $8,951,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new stake in Delta Air Lines during the 2nd quarter valued at approximately $25,000. NewSquare Capital LLC boosted its position in shares of Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after acquiring an additional 371 shares during the last quarter. Activest Wealth Management grew its stake in Delta Air Lines by 2,280.8% during the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Delta Air Lines during the first quarter valued at $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in Delta Air Lines in the 1st quarter valued at $33,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DAL has been the subject of several research reports. Sanford C. Bernstein increased their price objective on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Evercore ISI boosted their target price on Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. TD Cowen increased their price target on Delta Air Lines from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Bank of America lifted 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 Wednesday, October 15th. Finally, Seaport Global Securities increased their target price on Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. One research 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, the stock presently has a consensus rating of “Buy” and a consensus price target of $71.53.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction on 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 owned 33,245 shares in the company, valued at $2,017,971.50. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the sale, the senior vice president owned 15,816 shares of the company’s stock, valued at approximately $968,730. This trade represents a 46.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 39,833 shares of company stock worth $2,463,585. 0.88% of the stock is currently owned by company insiders.

Delta Air Lines Stock Up 1.9%

Shares of DAL opened at $58.91 on Friday. 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 business has a fifty day moving average of $59.09 and a 200 day moving average of $54.13. The company has a market cap of $38.47 billion, a PE ratio of 8.30, a P/E/G ratio of 1.35 and a beta of 1.52. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98.

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

Delta Air Lines Announces Dividend

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

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.