Independent Advisor Alliance Raises Holdings in Delta Air Lines, Inc. (DAL)

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Independent Advisor Alliance boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 26.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 19,648 shares of the transportation company’s stock after purchasing an additional 4,123 shares during the period. Independent Advisor Alliance’s holdings in Delta Air Lines were worth $1,015,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Pineno Levin & Ford Asset Management Inc. lifted its stake in shares of Delta Air Lines by 0.4% in the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 52,643 shares of the transportation company’s stock worth $2,719,000 after acquiring an additional 190 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of Delta Air Lines by 3.8% in the 4th quarter. Capital Investment Advisors LLC now owns 6,340 shares of the transportation company’s stock worth $316,000 after acquiring an additional 231 shares during the period. Keystone Financial Group lifted its stake in shares of Delta Air Lines by 5.6% in the 1st quarter. Keystone Financial Group now owns 4,433 shares of the transportation company’s stock worth $229,000 after acquiring an additional 234 shares during the period. First Manhattan Co. lifted its stake in shares of Delta Air Lines by 39.7% in the 1st quarter. First Manhattan Co. now owns 838 shares of the transportation company’s stock worth $43,000 after acquiring an additional 238 shares during the period. Finally, First Heartland Consultants Inc. lifted its stake in shares of Delta Air Lines by 1.7% in the fourth quarter. First Heartland Consultants Inc. now owns 16,428 shares of the transportation company’s stock valued at $820,000 after purchasing an additional 272 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Monday. Imperial Capital raised their price objective on shares of Delta Air Lines from $53.00 to $58.00 and gave the company an “in-line” rating in a research note on Wednesday, April 3rd. They noted that the move was a valuation call. Citigroup raised their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Raymond James raised their price objective on shares of Delta Air Lines from $60.00 to $68.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, Stephens set a $63.00 price objective on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $66.09.

In other Delta Air Lines news, CEO Edward H. Bastian sold 30,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $57.50, for a total transaction of $1,725,000.00. Following the completion of the transaction, the chief executive officer now directly owns 354,191 shares in the company, valued at approximately $20,365,982.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO W Gilbert West sold 7,465 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $58.52, for a total transaction of $436,851.80. Following the transaction, the chief operating officer now owns 94,933 shares of the company’s stock, valued at $5,555,479.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 3,554,538 shares of company stock valued at $175,828,075 and have sold 145,901 shares valued at $8,125,848. Company insiders own 0.47% of the company’s stock.

NYSE:DAL opened at $54.66 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a twelve month low of $45.08 and a twelve month high of $61.32. The stock has a market cap of $36.27 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 10th. The transportation company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.06. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. The firm had revenue of $10.47 billion during the quarter, compared to the consensus estimate of $10.39 billion. During the same period last year, the firm posted $0.74 EPS. On average, research analysts forecast that Delta Air Lines, Inc. will post 6.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $1.40 annualized dividend and a yield of 2.56%. Delta Air Lines’s dividend payout ratio (DPR) is currently 24.78%.

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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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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