4,891 Shares in Delta Air Lines, Inc. $DAL Purchased by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,891 shares of the transportation company’s stock, valued at approximately $241,000.

Several other large investors have also recently added to or reduced their stakes in DAL. Brighton Jones LLC raised its holdings in Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after purchasing an additional 2,302 shares in the last quarter. GAMMA Investing LLC raised its holdings in Delta Air Lines by 3.7% during the first quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company’s stock worth $418,000 after purchasing an additional 344 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Delta Air Lines by 22.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,977 shares of the transportation company’s stock worth $4,795,000 after purchasing an additional 20,057 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in Delta Air Lines during the first quarter worth about $1,779,000. Finally, Ritholtz Wealth Management raised its holdings in Delta Air Lines by 15.7% during the first quarter. Ritholtz Wealth Management now owns 10,090 shares of the transportation company’s stock worth $440,000 after purchasing an additional 1,371 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Up 2.1%

DAL stock opened at $58.68 on Tuesday. The company’s 50 day simple moving average is $58.77 and its 200-day simple moving average is $51.70. The firm has a market capitalization of $38.32 billion, a PE ratio of 8.27, a P/E/G ratio of 1.48 and a beta of 1.50. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The business had revenue of $8.40 billion for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. Equities analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be given a $0.1875 dividend. The ex-dividend date is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. Delta Air Lines’s dividend payout ratio is currently 10.56%.

Analyst Ratings Changes

DAL has been the subject of several analyst reports. TD Cowen increased their price target on shares of Delta Air Lines from $55.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Saturday. HSBC upped their target price on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research report on Friday. Susquehanna Bancshares upped their target price on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock a “positive” rating in a research report on Friday, July 11th. Finally, Citigroup upped 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 report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $70.31.

Insider Activity at Delta Air Lines

In other news, CEO Edward H. Bastian sold 35,000 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total value of $1,969,800.00. Following the sale, the chief executive officer directly owned 632,823 shares in the company, valued at $35,615,278.44. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael P. Huerta sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director directly owned 33,245 shares in the company, valued at $2,017,971.50. The trade was a 6.99% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

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 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.