Intellectus Partners LLC Has $5.18 Million Position in Delta Air Lines, Inc. (DAL)

Intellectus Partners LLC increased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,392 shares of the transportation company’s stock after purchasing an additional 11,434 shares during the quarter. Delta Air Lines makes up approximately 2.3% of Intellectus Partners LLC’s holdings, making the stock its 3rd largest holding. Intellectus Partners LLC’s holdings in Delta Air Lines were worth $5,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FNY Managed Accounts LLC bought a new stake in shares of Delta Air Lines in the first quarter worth about $100,000. Ruggie Capital Group grew its stake in shares of Delta Air Lines by 1,187.0% in the first quarter. Ruggie Capital Group now owns 2,767 shares of the transportation company’s stock worth $127,000 after purchasing an additional 2,552 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Delta Air Lines by 104.3% in the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after purchasing an additional 1,298 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after purchasing an additional 220 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. grew its stake in shares of Delta Air Lines by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,964 shares of the transportation company’s stock worth $159,000 after purchasing an additional 1,384 shares during the last quarter. 86.26% of the stock is currently owned by institutional investors.

Delta Air Lines, Inc. (NYSE DAL) traded up 0.08% during trading on Wednesday, hitting $52.74. 6,873,191 shares of the stock traded hands. The firm has a 50-day moving average price of $48.35 and a 200 day moving average price of $49.40. The firm has a market cap of $38.19 billion, a PE ratio of 10.38 and a beta of 1.24. Delta Air Lines, Inc. has a 12 month low of $37.91 and a 12 month high of $55.75.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter in the prior year, the company earned $1.70 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, August 21st. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio is presently 24.25%.

Several analysts recently issued reports on DAL shares. Deutsche Bank AG cut their target price on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, September 6th. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a research note on Tuesday, July 4th. BidaskClub cut Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Bank of America Corporation raised their target price on Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Finally, ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $61.91.

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In other news, EVP Joanne D. Smith sold 3,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total value of $199,800.00. Following the completion of the sale, the executive vice president now owns 77,223 shares of the company’s stock, valued at approximately $4,170,042. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Craig M. Meynard sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $55.26, for a total transaction of $276,300.00. Following the completion of the sale, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The disclosure for this sale can be found here. In the last ninety days, insiders bought 133,000 shares of company stock valued at $282,800 and sold 75,700 shares valued at $4,171,150. 0.37% of the stock is currently owned by corporate insiders.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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