Regent Peak Wealth Advisors LLC Sells 13,481 Shares of Delta Air Lines, Inc. $DAL

Regent Peak Wealth Advisors LLC lessened its stake in Delta Air Lines, Inc. (NYSE:DAL) by 42.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,042 shares of the transportation company’s stock after selling 13,481 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Delta Air Lines were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DAL. Wellington Management Group LLP lifted its stake in shares of Delta Air Lines by 137.4% in the fourth quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock worth $958,538,000 after buying an additional 7,994,004 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $471,532,000. Bank of New York Mellon Corp increased its position in shares of Delta Air Lines by 29.2% during the first quarter. Bank of New York Mellon Corp now owns 12,270,241 shares of the transportation company’s stock valued at $815,726,000 after acquiring an additional 2,773,945 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Delta Air Lines by 1,579.2% in the 4th quarter. Pacer Advisors Inc. now owns 2,673,400 shares of the transportation company’s stock worth $185,534,000 after acquiring an additional 2,514,193 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Delta Air Lines by 44.3% in the 4th quarter. AQR Capital Management LLC now owns 6,155,776 shares of the transportation company’s stock worth $426,441,000 after acquiring an additional 1,890,521 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 0.4%

Delta Air Lines stock opened at $90.01 on Thursday. Delta Air Lines, Inc. has a 52-week low of $55.03 and a 52-week high of $95.68. The company has a market cap of $59.19 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.14 and a beta of 1.31. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $87.05 and a two-hundred day simple moving average of $75.37.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. The company had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The firm’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.10 earnings per share. Analysts predict that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were paid a $0.215 dividend. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, July 9th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is currently 14.26%.

Insider Transactions at Delta Air Lines

In related news, Director Michael P. Huerta sold 3,100 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $94.11, for a total value of $291,741.00. Following the transaction, the director directly owned 32,525 shares of the company’s stock, valued at approximately $3,060,927.75. This trade represents a 8.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven M. Sear sold 40,460 shares of Delta Air Lines stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $93.55, for a total value of $3,785,033.00. Following the transaction, the executive vice president owned 104,404 shares in the company, valued at $9,766,994.20. This trade represents a 27.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 401,436 shares of company stock worth $36,617,497 over the last three months. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $106.00 target price on shares of Delta Air Lines in a research note on Monday, July 13th. Weiss Ratings raised Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Argus set a $105.00 price objective on Delta Air Lines in a report on Tuesday, July 14th. Finally, Evercore lifted their price objective on Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Twenty-three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Delta Air Lines has an average rating of “Moderate Buy” and a consensus target price of $100.40.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.