Wambolt & Associates LLC Buys New Shares in Delta Air Lines, Inc. $DAL

Wambolt & Associates LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,166 shares of the transportation company’s stock, valued at approximately $204,000.

Other hedge funds also recently bought and sold shares of the company. Savant Capital LLC grew its stake in shares of Delta Air Lines by 84.0% during the second quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock worth $8,951,000 after purchasing an additional 83,072 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Delta Air Lines by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company’s stock worth $160,900,000 after acquiring an additional 92,772 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Delta Air Lines by 8.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,916 shares of the transportation company’s stock worth $40,619,000 after purchasing an additional 67,002 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Delta Air Lines during the second quarter worth approximately $15,138,000. Finally, Jefferies Financial Group Inc. increased its stake in Delta Air Lines by 1,169.4% in the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 6,677 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Up 3.4%

NYSE DAL opened at $64.29 on Thursday. The stock has a market capitalization of $41.98 billion, a P/E ratio of 9.06, 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 firm has a 50-day moving average price of $58.71 and a 200 day moving average price of $55.61. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS 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. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.56%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. HSBC raised their price objective on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a report on Friday, October 10th. JPMorgan Chase & Co. lifted their target price on Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Seaport Global Securities lifted their price target on Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Evercore ISI increased their price objective on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Raymond James Financial raised their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 10th. One equities 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, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.68.

Insider Buying and Selling at Delta Air Lines

In related news, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the transaction, the executive vice president directly owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. The trade was a 22.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were 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 directly owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.88% of the company’s stock.

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.