Abundance Wealth Counselors Sells 290 Shares of Delta Air Lines, Inc. $DAL

Abundance Wealth Counselors lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,487 shares of the transportation company’s stock after selling 290 shares during the quarter. Abundance Wealth Counselors’ holdings in Delta Air Lines were worth $1,007,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new position in Delta Air Lines in the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC bought a new position in Delta Air Lines in the 1st quarter valued at $31,000. Zions Bancorporation National Association UT bought a new position in Delta Air Lines in the 1st quarter valued at $33,000. Hara Capital LLC bought a new position in Delta Air Lines in the 1st quarter valued at $35,000. Finally, N.E.W. Advisory Services LLC bought a new position in Delta Air Lines in the 1st quarter valued at $40,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL opened at $57.05 on Friday. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The business’s fifty day simple moving average is $58.18 and its 200-day simple moving average is $51.11. The company has a market capitalization of $37.25 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.70 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.The business had revenue of $15.51 billion for the quarter, compared to the consensus estimate of $16.16 billion. During the same quarter in the prior year, the company earned $2.36 EPS. The business’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s dividend payout ratio is 10.87%.

Wall Street Analyst Weigh In

DAL has been the topic of several research analyst reports. HSBC upped their price objective on Delta Air Lines from $64.00 to $69.20 in a research report on Friday, July 11th. Bernstein Bank upped their price objective on Delta Air Lines from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. Barclays upped their price objective on Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Citigroup upped their price objective on Delta Air Lines from $62.00 to $65.50 and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $67.69.

Insider Activity

In related news, CEO Edward H. Bastian sold 35,000 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the completion of the sale, the chief executive officer directly owned 632,823 shares in the company, valued at $35,615,278.44. This represents a 5.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Peter W. Carter sold 17,550 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total value of $1,003,684.50. Following the sale, the executive vice president owned 191,442 shares of the company’s stock, valued at $10,948,567.98. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,473 shares of company stock worth $7,663,496 over the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

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.