Stephens Inc. AR Has $836,000 Stock Holdings in Delta Air Lines, Inc. $DAL

Stephens Inc. AR decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,007 shares of the transportation company’s stock after selling 433 shares during the period. Stephens Inc. AR’s holdings in Delta Air Lines were worth $836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Delta Air Lines by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company’s stock valued at $160,900,000 after buying an additional 92,772 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Delta Air Lines by 8.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company’s stock valued at $1,670,000 after buying an additional 2,973 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Delta Air Lines in the second quarter valued at approximately $15,138,000. Jefferies Financial Group Inc. raised its stake in Delta Air Lines by 1,169.4% in the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock valued at $316,000 after buying an additional 6,677 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in Delta Air Lines by 21.2% in the first quarter. Asset Management One Co. Ltd. now owns 145,240 shares of the transportation company’s stock valued at $6,332,000 after buying an additional 25,406 shares during the period. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In other news, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the transaction, the director owned 33,245 shares in the company, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the transaction, the executive vice president owned 81,109 shares in the company, valued at approximately $5,055,523.97. The trade was a 22.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,833 shares of company stock worth $2,463,585. Insiders own 0.88% of the company’s stock.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $60.93 on Friday. The stock’s fifty day moving average price is $59.61 and its two-hundred day moving average price is $52.84. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. 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 market cap of $39.78 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.35 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The firm had revenue of $8.40 billion for the quarter. As a group, research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business 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 dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DAL. Evercore ISI upped their price objective on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. The Goldman Sachs Group increased their target price on Delta Air Lines from $60.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Rothschild & Co Redburn increased their target price on Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday, October 14th. Seaport Global Securities increased their target price on Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Finally, Sanford C. Bernstein increased their target price on Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $71.53.

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.