10,182 Shares in Delta Air Lines, Inc. $DAL Acquired by National Wealth Management Group LLC

National Wealth Management Group LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,182 shares of the transportation company’s stock, valued at approximately $501,000.

A number of other hedge funds also recently modified their holdings of the business. Signature Resources Capital Management LLC acquired a new position in shares of Delta Air Lines in the 2nd quarter valued at about $25,000. NewSquare Capital LLC lifted its position in Delta Air Lines by 184.6% in the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after buying an additional 371 shares in the last quarter. Activest Wealth Management boosted its stake in shares of Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after buying an additional 593 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of Delta Air Lines during the 1st quarter valued at $31,000. Finally, Kilter Group LLC purchased a new position in shares of Delta Air Lines during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 1.0%

Shares of Delta Air Lines stock opened at $69.82 on Monday. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $71.59. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $60.94 and a two-hundred day moving average price of $57.10. The stock has a market capitalization of $45.59 billion, a P/E ratio of 9.83, a PEG ratio of 1.63 and a beta of 1.37.

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

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.1%. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Cowen increased their price objective on Delta Air Lines from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised their price target on Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Evercore ISI lifted their price target on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Cowen restated a “buy” rating on shares of Delta Air Lines in a report on Thursday, December 4th. Finally, BMO Capital Markets raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and a consensus price target of $74.08.

Insider Activity at Delta Air Lines

In other news, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the transaction, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. The trade was a 46.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.