RD Lewis Holdings Inc. Invests $252,000 in Delta Air Lines, Inc. $DAL

RD Lewis Holdings Inc. purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,700 shares of the transportation company’s stock, valued at approximately $252,000.

A number of other large investors have also recently bought and sold shares of the stock. Signature Resources Capital Management LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter valued at $25,000. NewSquare Capital LLC lifted its holdings in Delta Air Lines by 184.6% during the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 371 shares during the last quarter. Activest Wealth Management boosted its position in Delta Air Lines by 2,280.8% in the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after buying an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in Delta Air Lines during the first quarter worth about $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Delta Air Lines during the first quarter worth approximately $33,000. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DAL has been the topic of several recent analyst reports. UBS Group boosted their target price on Delta Air Lines from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 10th. TD Cowen boosted their price objective on Delta Air Lines from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Dbs Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Wall Street Zen raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Finally, Sanford C. Bernstein upped their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $71.68.

Insider Buying and Selling

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $858,112.50. Following the transaction, the senior vice president directly owned 15,816 shares in the company, valued at approximately $968,730. This represents a 46.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.88% of the company’s stock.

Delta Air Lines Price Performance

DAL opened at $58.47 on Friday. The company has a fifty day moving average price of $58.47 and a two-hundred day moving average price of $55.22. The firm has a market capitalization of $38.18 billion, a PE ratio of 8.24, 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. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40.

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. The business had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. As a group, analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) 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.