Intrust Bank NA Trims Stock Position in Delta Air Lines, Inc. $DAL

Intrust Bank NA trimmed its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,517 shares of the transportation company’s stock after selling 1,656 shares during the period. Intrust Bank NA’s holdings in Delta Air Lines were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Signature Resources Capital Management LLC purchased a new position in shares of Delta Air Lines during the 2nd quarter valued at approximately $25,000. NewSquare Capital LLC increased its holdings in Delta Air Lines by 184.6% in the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after buying an additional 371 shares in the last quarter. Activest Wealth Management raised its position in shares of Delta Air Lines by 2,280.8% in the second 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 period. Wealth Preservation Advisors LLC acquired a new position in shares of Delta Air Lines in the first quarter worth about $31,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Delta Air Lines during the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 4.4%

Shares of DAL stock opened at $55.81 on Tuesday. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. 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’s fifty day moving average is $58.75 and its two-hundred day moving average is $55.02. The firm has a market capitalization of $36.44 billion, a P/E ratio of 7.86, a PEG ratio of 1.35 and a beta of 1.52.

Delta Air Lines (NYSE:DAL) last released its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. The business 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%. Research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

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

Insider Buying and Selling

In related news, SVP William C. Carroll sold 14,010 shares of the stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the transaction, the executive vice president owned 81,109 shares in the company, valued at approximately $5,055,523.97. The trade was a 22.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DAL shares. JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Bank of America boosted their price objective on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Evercore ISI increased their target price on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. UBS Group lifted their price target on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $71.68.

About Delta Air Lines

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.