Delta Air Lines, Inc. $DAL Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 27,784 shares of the transportation company’s stock after purchasing an additional 1,186 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Delta Air Lines were worth $1,366,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in Delta Air Lines in the second quarter valued at approximately $25,000. NewSquare Capital LLC raised its stake in shares of Delta Air Lines by 184.6% during the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after buying an additional 371 shares during the period. Activest Wealth Management lifted its position in shares of Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after buying an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Delta Air Lines in the 1st quarter valued at $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Delta Air Lines in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

DAL opened at $56.86 on Thursday. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The firm has a market capitalization of $37.13 billion, a PE ratio of 8.01, a PEG ratio of 1.35 and a beta of 1.52. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $58.59 and its 200 day moving average price is $55.13.

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

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.56%.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the transaction, the senior vice president owned 15,816 shares of the company’s stock, valued at approximately $968,730. The trade was a 46.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the sale, the executive vice president directly owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

DAL has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Sanford C. Bernstein boosted their target price on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. TD Cowen lifted their price objective on Delta Air Lines from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Seaport Global Securities boosted their price objective on Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $71.68.

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.