Tradewinds Capital Management LLC maintained its stake in Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,250 shares of the transportation company’s stock at the end of the second quarter. Tradewinds Capital Management LLC’s holdings in Delta Air Lines were worth $121,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. FNY Managed Accounts LLC acquired a new stake in Delta Air Lines during the first quarter worth approximately $100,000. Tompkins Financial Corp acquired a new stake in Delta Air Lines during the first quarter worth approximately $107,000. TrimTabs Asset Management LLC increased its stake in Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock worth $111,000 after buying an additional 1,136 shares during the period. Advisory Services Network LLC acquired a new stake in Delta Air Lines during the first quarter worth approximately $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock worth $127,000 after buying an additional 793 shares during the period. 87.65% of the stock is owned by institutional investors.
Delta Air Lines, Inc. (NYSE DAL) opened at 49.04 on Friday. The company has a 50-day moving average of $52.50 and a 200 day moving average of $49.45. The firm has a market cap of $35.70 billion, a P/E ratio of 9.72 and a beta of 1.20. Delta Air Lines, Inc. has a 52 week low of $35.84 and a 52 week high of $55.75.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.66 by $0.02. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The company had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the prior year, the company earned $1.47 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts predict that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.49%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, August 21st. Delta Air Lines’s dividend payout ratio is currently 16.10%.
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DAL has been the subject of a number of recent analyst reports. Citigroup Inc. raised their target price on Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a report on Friday, May 12th. Vetr downgraded Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 target price for the company. in a report on Tuesday, May 2nd. Deutsche Bank AG raised their target price on Delta Air Lines from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, April 18th. Bank of America Corporation raised their target price on Delta Air Lines from $64.00 to $71.00 and gave the company a “buy” rating in a report on Friday, June 30th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Delta Air Lines in a report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $60.74.
In other news, COO W Gilbert West sold 26,131 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $50.47, for a total transaction of $1,318,831.57. Following the completion of the sale, the chief operating officer now directly owns 89,232 shares of the company’s stock, valued at $4,503,539.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 25,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $48.55, for a total value of $1,213,750.00. Following the sale, the chief executive officer now directly owns 285,508 shares of the company’s stock, valued at $13,861,413.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 390,000 shares of company stock valued at $31,200 and have sold 126,831 shares valued at $6,703,732. Corporate insiders own 0.37% of the company’s stock.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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