Delta Air Lines, Inc. $DAL Shares Sold by Brookstone Capital Management

Brookstone Capital Management decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,072 shares of the transportation company’s stock after selling 1,653 shares during the quarter. Brookstone Capital Management’s holdings in Delta Air Lines were worth $790,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Delta Air Lines by 2.6% during 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 acquiring an additional 92,772 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Delta Air Lines by 8.2% during 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 acquiring an additional 2,973 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Delta Air Lines during the second quarter valued at approximately $15,138,000. Jefferies Financial Group Inc. raised its position in Delta Air Lines by 1,169.4% during the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock valued at $316,000 after acquiring an additional 6,677 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insiders Place Their Bets

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the transaction, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,833 shares of company stock valued at $2,463,585. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DAL. JPMorgan Chase & Co. boosted their price objective on Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. BNP Paribas Exane boosted their price objective on Delta Air Lines from $58.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. UBS Group boosted their price objective on Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Bernstein Bank boosted 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. Finally, Susquehanna boosted their price objective on Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average target price of $71.53.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $60.93 on Monday. 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 business’s 50 day moving average price is $59.61 and its 200-day moving average price is $53.02. The firm has a market capitalization of $39.78 billion, a PE ratio of 8.58, a P/E/G ratio of 1.40 and a beta of 1.50. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. The company had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share 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. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. Delta Air Lines’s payout ratio is 10.56%.

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.