7,068 Shares in Delta Air Lines, Inc. $DAL Bought by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,068 shares of the transportation company’s stock, valued at approximately $470,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after buying an additional 2,302 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Delta Air Lines during the first quarter worth about $178,000. Sivia Capital Partners LLC purchased a new stake in Delta Air Lines during the second quarter worth about $555,000. Marshall Wace LLP raised its position in Delta Air Lines by 102.2% in the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock worth $385,000 after acquiring an additional 357,825 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Delta Air Lines by 10.6% in the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock worth $2,859,000 after acquiring an additional 5,564 shares during the period. Institutional investors own 69.93% of the company’s stock.

More Delta Air Lines News

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: Bank of America raised its price target on Delta Air Lines to $93 from $78 and reiterated a buy rating, signaling confidence in upside from current levels. Article: Bank of America raises Delta price target
• Positive Sentiment: Argus also boosted its price target on DAL to $100 from $85 and maintained a buy rating, reinforcing the bullish analyst outlook. Article: Argus raises Delta price target
• Positive Sentiment: Delta shareholders backed the existing board and governance structure at the annual meeting, reducing uncertainty around corporate oversight. Article: Delta shareholders back board, governance status quo
• Positive Sentiment: Delta approved a 15% increase in its quarterly dividend, a sign management is confident in cash generation and financial strength. Article: Delta lifts dividend 15% while upgrading 737s
• Positive Sentiment: Berkshire Hathaway disclosed a new large position in Delta Air Lines, adding an influential long-term investor to the shareholder base. Article: Berkshire buys Delta stake

Delta Air Lines Price Performance

NYSE DAL opened at $86.12 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The company has a market cap of $56.58 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.16 and a beta of 1.30. Delta Air Lines, Inc. has a 52 week low of $45.28 and a 52 week high of $87.39. The firm’s 50-day simple moving average is $75.05 and its two-hundred day simple moving average is $70.44.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.46 earnings per share. Research analysts predict that Delta Air Lines, Inc. will post 5.52 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, July 9th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is presently 10.93%.

Insiders Place Their Bets

In other news, EVP John E. Laughter sold 15,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total value of $1,074,150.00. Following the completion of the transaction, the executive vice president directly owned 54,369 shares of the company’s stock, valued at $3,893,364.09. This trade represents a 21.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 149,635 shares of company stock worth $10,833,855 over the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DAL. Weiss Ratings cut shares of Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. UBS Group raised their price target on shares of Delta Air Lines from $95.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Seaport Research Partners lifted their price target on shares of Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Argus upped their price objective on Delta Air Lines from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Monday. Finally, Evercore reissued an “outperform” rating and set a $85.00 price objective on shares of Delta Air Lines in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.30.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.