14,721 Shares in Delta Air Lines, Inc. $DAL Acquired by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, HoldingsChannel reports. The fund purchased 14,721 shares of the transportation company’s stock, valued at approximately $1,379,000.

A number of other large investors have also recently bought and sold shares of the stock. Arbor Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter valued at $234,000. Great Waters Wealth Management increased its position in shares of Delta Air Lines by 6.8% during the 2nd quarter. Great Waters Wealth Management now owns 6,944 shares of the transportation company’s stock worth $650,000 after purchasing an additional 442 shares in the last quarter. Everpar Advisors LLC bought a new position in Delta Air Lines during the 2nd quarter valued at about $207,000. Legacy Wealth Management LLC MS bought a new position in Delta Air Lines during the 2nd quarter valued at about $414,000. Finally, Valeo Financial Advisors LLC boosted its position in Delta Air Lines by 28.2% in the second quarter. Valeo Financial Advisors LLC now owns 14,481 shares of the transportation company’s stock valued at $1,356,000 after buying an additional 3,181 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DAL shares. JPMorgan Chase & Co. upped their price objective on shares of Delta Air Lines from $85.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Benchmark reiterated a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. BMO Capital Markets boosted their target price on Delta Air Lines from $80.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Sanford C. Bernstein restated an “outperform” rating and set a $106.00 price target on shares of Delta Air Lines in a research report on Monday, July 13th. Finally, Evercore raised their price target on Delta Air Lines from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Twenty-three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.40.

Insider Activity at Delta Air Lines

In other news, CEO Edward H. Bastian sold 206,510 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $92.80, for a total value of $19,164,128.00. Following the transaction, the chief executive officer directly owned 1,363,448 shares in the company, valued at $126,527,974.40. This trade represents a 13.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Peter W. Carter sold 39,900 shares of Delta Air Lines stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $92.98, for a total value of $3,709,902.00. Following the sale, the president directly owned 424,704 shares of the company’s stock, valued at approximately $39,488,977.92. This trade represents a 8.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 401,436 shares of company stock worth $36,617,497. 0.80% of the stock is owned by company insiders.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $88.99 on Tuesday. The company has a market cap of $58.52 billion, a PE ratio of 14.76, a PEG ratio of 1.15 and a beta of 1.31. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. Delta Air Lines, Inc. has a 1 year low of $53.12 and a 1 year high of $95.68. The company’s 50-day moving average is $86.62 and its two-hundred day moving average is $75.07.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.49 by $0.07. The company had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. Delta Air Lines’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.10 EPS. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.54 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s dividend payout ratio (DPR) is presently 14.26%.

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.