Delta Air Lines, Inc. $DAL Shares Sold by Berger Financial Group Inc

Berger Financial Group Inc reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,102 shares of the transportation company’s stock after selling 205 shares during the period. Berger Financial Group Inc’s holdings in Delta Air Lines were worth $300,000 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 purchased a new stake in shares of Delta Air Lines during the second quarter worth about $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth approximately $31,000. Zions Bancorporation National Association UT bought a new stake in shares of Delta Air Lines in the first quarter worth $33,000. Hara Capital LLC bought a new position in Delta Air Lines during the 1st quarter valued at $35,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Delta Air Lines in the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DAL. Susquehanna boosted their price objective on Delta Air Lines from $65.00 to $68.00 and gave the company a “positive” rating in a report on Friday. Jefferies Financial Group set a $70.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday, October 1st. Seaport Global Securities boosted their price objective on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. upped their target price on Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating and nineteen have given a Buy rating to the company. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $67.84.

Delta Air Lines Price Performance

Shares of DAL opened at $58.30 on Tuesday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The stock’s fifty day moving average is $58.28 and its 200-day moving average is $51.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. The firm has a market capitalization of $38.07 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 1.53 and a beta of 1.50.

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

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders 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 yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.87%.

Insider Activity at Delta Air Lines

In other news, EVP Peter W. Carter sold 17,550 shares of the business’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 approximately $10,948,567.98. The trade was a 8.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alain Bellemare sold 45,423 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $55.56, for a total value of $2,523,701.88. Following the transaction, the executive vice president directly owned 131,731 shares of the company’s stock, valued at $7,318,974.36. This represents a 25.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,473 shares of company stock worth $7,663,496 in the last quarter. Company insiders own 0.96% of the company’s stock.

Delta Air Lines 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.