Gallagher Fiduciary Advisors LLC Sells 115,798 Shares of Delta Air Lines, Inc. $DAL

Gallagher Fiduciary Advisors LLC lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,424,325 shares of the transportation company’s stock after selling 115,798 shares during the period. Delta Air Lines makes up approximately 0.3% of Gallagher Fiduciary Advisors LLC’s portfolio, making the stock its 21st biggest holding. Gallagher Fiduciary Advisors LLC owned about 0.68% of Delta Air Lines worth $217,588,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new position in shares of Delta Air Lines in the second quarter valued at approximately $25,000. NewSquare Capital LLC grew its holdings in 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 buying an additional 371 shares in the last quarter. Activest Wealth Management raised its position in Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after buying an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in Delta Air Lines in the 1st quarter valued at $31,000. Finally, Kilter Group LLC bought a new position in Delta Air Lines during the 2nd quarter valued at $35,000. 69.93% of the stock is owned by institutional investors.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction dated 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 transaction, the senior vice president owned 15,816 shares in the company, valued at $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 is available at the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the sale, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. The trade was a 22.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on DAL shares. Cowen reiterated a “buy” rating on shares of Delta Air Lines in a research note on Thursday, December 4th. Dbs Bank upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Evercore ISI increased their price objective on shares of Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. 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. Finally, TD Cowen upped their target price on Delta Air Lines from $72.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $74.08.

Delta Air Lines Stock Down 1.0%

Delta Air Lines stock opened at $69.82 on Friday. The firm has a 50 day moving average price of $60.94 and a 200-day moving average price of $56.99. 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, Inc. has a twelve month low of $34.74 and a twelve month high of $71.59. The company has a market capitalization of $45.59 billion, a P/E ratio of 9.83, a P/E/G ratio of 1.65 and a beta of 1.38.

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 net margin of 7.36% and a return on equity of 23.83%. The company had revenue of $8.40 billion for the quarter. As a group, equities analysts predict 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 issued a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.75 annualized dividend and a yield of 1.1%. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Delta Air Lines Company 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.