Olistico Wealth LLC Grows Stake in Delta Air Lines, Inc. $DAL

Olistico Wealth LLC increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 46.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,585 shares of the transportation company’s stock after acquiring an additional 500 shares during the period. Olistico Wealth LLC’s holdings in Delta Air Lines were worth $78,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DAL. Janney Montgomery Scott LLC increased its position in shares of Delta Air Lines by 5.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company’s stock valued at $7,037,000 after purchasing an additional 9,034 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Delta Air Lines by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company’s stock worth $160,900,000 after acquiring an additional 92,772 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Delta Air Lines by 152.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company’s stock worth $548,000 after acquiring an additional 7,586 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Delta Air Lines by 8.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company’s stock valued at $1,670,000 after acquiring an additional 2,973 shares during the period. Finally, Jefferies Financial Group Inc. increased its stake in shares of Delta Air Lines by 1,169.4% in the 1st quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock worth $316,000 after purchasing an additional 6,677 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the topic of several analyst reports. Barclays lifted their target price on Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Citigroup raised their target price on shares of Delta Air Lines from $62.00 to $65.50 and gave the stock a “buy” rating in a research note on Friday, July 11th. Jefferies Financial Group set a $70.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Wednesday. Sanford C. Bernstein restated an “outperform” rating on shares of Delta Air Lines in a research report on Friday, July 11th. Finally, Evercore ISI upped their target price on shares of Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating and nineteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $67.84.

Delta Air Lines Price Performance

DAL stock opened at $57.32 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. The company’s fifty day moving average price is $58.23 and its 200-day moving average price is $51.21. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a market capitalization of $37.42 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.53 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.09. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The company had revenue of $15.51 billion during the quarter, compared to analysts’ expectations of $16.16 billion. During the same period last year, the company posted $2.36 earnings per share. Delta Air Lines’s quarterly revenue was down .1% on a year-over-year basis. On average, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s dividend payout ratio is currently 10.87%.

Insider Transactions at Delta Air Lines

In other news, EVP Steven M. Sear sold 18,000 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the sale, the executive vice president directly owned 97,505 shares in the company, valued at approximately $5,456,379.80. This represents a 15.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter W. Carter sold 17,550 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $57.19, for a total value of $1,003,684.50. Following the sale, the executive vice president owned 191,442 shares in the company, valued at approximately $10,948,567.98. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,473 shares of company stock valued at $7,663,496 in the last 90 days. Company insiders own 0.88% of the company’s stock.

Delta Air Lines Company 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.