Total Clarity Wealth Management Inc. purchased a new position in Delta Air Lines, Inc. (NYSE:DAL – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,891 shares of the transportation company’s stock, valued at approximately $241,000.
Other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in shares of Delta Air Lines by 5.9% in the first quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company’s stock worth $7,037,000 after acquiring an additional 9,034 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Delta Air Lines by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company’s stock worth $160,900,000 after purchasing an additional 92,772 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Delta Air Lines by 152.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company’s stock worth $548,000 after purchasing an additional 7,586 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Delta Air Lines by 8.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company’s stock worth $1,670,000 after purchasing an additional 2,973 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its position in shares of Delta Air Lines by 1,169.4% during the 1st quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock worth $316,000 after purchasing an additional 6,677 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.
Delta Air Lines Price Performance
Shares of DAL opened at $58.68 on Tuesday. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The stock has a market cap of $38.32 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.48 and a beta of 1.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. The firm has a fifty day moving average price of $58.77 and a 200 day moving average price of $51.70.
Delta Air Lines Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be paid a $0.1875 dividend. The ex-dividend date is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. Delta Air Lines’s payout ratio is currently 10.56%.
Wall Street Analysts Forecast Growth
DAL has been the subject of several recent analyst reports. Susquehanna Bancshares lifted their price objective on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock a “positive” rating in a research report on Friday, July 11th. Wall Street Zen raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Saturday. HSBC lifted their price objective 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. Bernstein Bank lifted their price objective on shares of Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, July 11th. Finally, Raymond James Financial lifted their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $70.31.
View Our Latest Report on Delta Air Lines
Insiders Place Their Bets
In other Delta Air Lines news, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total value of $1,969,800.00. Following the transaction, the chief executive officer directly owned 632,823 shares in the company, valued at approximately $35,615,278.44. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the transaction, the director owned 33,245 shares in the company, valued at approximately $2,017,971.50. This represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% 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 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.
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