NEXT Financial Group Inc lowered its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 29.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,874 shares of the transportation company’s stock after selling 2,470 shares during the period. NEXT Financial Group Inc’s holdings in Delta Air Lines were worth $322,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in DAL. Wagner Wealth Management LLC boosted its holdings in Delta Air Lines by 375.0% during the first quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock worth $104,000 after purchasing an additional 1,500 shares during the last quarter. Fortis Advisors LLC raised its position in shares of Delta Air Lines by 99.1% in the first quarter. Fortis Advisors LLC now owns 2,389 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 1,189 shares during the period. IHT Wealth Management LLC raised its position in shares of Delta Air Lines by 45.6% in the first quarter. IHT Wealth Management LLC now owns 3,068 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 961 shares during the period. Private Capital Group LLC grew its stake in Delta Air Lines by 1,697.4% during the first quarter. Private Capital Group LLC now owns 3,505 shares of the transportation company’s stock valued at $192,000 after acquiring an additional 3,310 shares in the last quarter. Finally, Amica Retiree Medical Trust purchased a new position in Delta Air Lines during the fourth quarter valued at approximately $204,000. 86.32% of the stock is owned by hedge funds and other institutional investors.
NYSE DAL traded down $0.26 on Friday, hitting $49.54. 6,688,226 shares of the stock were exchanged, compared to its average volume of 7,607,520. The firm has a market capitalization of $35.00 billion, a price-to-earnings ratio of 10.05 and a beta of 1.09. Delta Air Lines, Inc. has a 52-week low of $44.59 and a 52-week high of $60.79. The company has a quick ratio of 0.33, a current ratio of 0.39 and a debt-to-equity ratio of 0.51.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 12th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. The firm had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.89 billion. Delta Air Lines had a net margin of 8.37% and a return on equity of 26.19%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. equities research analysts anticipate that Delta Air Lines, Inc. will post 5.81 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 11th were issued a $0.305 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $1.22 dividend on an annualized basis and a yield of 2.46%. Delta Air Lines’s dividend payout ratio is presently 24.75%.
Several equities analysts recently commented on the stock. Imperial Capital boosted their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, June 1st. Morgan Stanley upped their price objective on shares of Delta Air Lines from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, April 20th. Cfra reiterated a “buy” rating and set a $70.00 price target on shares of Delta Air Lines in a report on Monday, June 18th. Zacks Investment Research lowered shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 13th. Finally, Buckingham Research decreased their price objective on shares of Delta Air Lines from $76.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, June 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $68.71.
In other Delta Air Lines news, COO W Gilbert West sold 17,250 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $55.00, for a total value of $948,750.00. Following the sale, the chief operating officer now owns 119,447 shares in the company, valued at approximately $6,569,585. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $55.34, for a total value of $1,383,500.00. Following the completion of the sale, the chief executive officer now owns 301,943 shares in the company, valued at approximately $16,709,525.62. The disclosure for this sale can be found here. Insiders have sold 64,497 shares of company stock worth $3,543,174 in the last 90 days. Insiders own 0.33% of the company’s stock.
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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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