Delta Air Lines, Inc. $DAL Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 97.4% during the second quarter, HoldingsChannel reports. The firm owned 1,259 shares of the transportation company’s stock after selling 46,670 shares during the period. Strengthening Families & Communities LLC’s holdings in Delta Air Lines were worth $118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. Arlington Trust Co LLC grew its holdings in shares of Delta Air Lines by 11.7% during the second quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company’s stock worth $116,000 after buying an additional 130 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Delta Air Lines by 0.5% in the fourth quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company’s stock worth $1,955,000 after buying an additional 144 shares in the last quarter. Utah Retirement Systems boosted its position in Delta Air Lines by 0.3% during the fourth quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company’s stock worth $3,652,000 after acquiring an additional 144 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in Delta Air Lines by 2.6% during the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock worth $454,000 after acquiring an additional 151 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in Delta Air Lines by 2.4% during the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock worth $449,000 after acquiring an additional 152 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $78.07 on Thursday. Delta Air Lines, Inc. has a 12-month low of $55.03 and a 12-month high of $95.68. The stock has a market cap of $51.34 billion, a P/E ratio of 12.95, a PEG ratio of 1.05 and a beta of 1.29. The company has a 50-day moving average price of $87.11 and a 200 day moving average price of $76.77. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 9th. The transportation company reported $1.56 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%. Delta Air Lines’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 earnings per share. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.23 earnings per share for the current year.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 9th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s dividend payout ratio is presently 14.26%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 10th. Argus set a $105.00 target price on Delta Air Lines in a report on Tuesday, July 14th. UBS Group upped their price target on Delta Air Lines from $107.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Citigroup increased their price target on Delta Air Lines from $106.00 to $110.00 and gave the company a “buy” rating in a report on Sunday, July 12th. Finally, TD Cowen reduced their price objective on Delta Air Lines from $112.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. Twenty-three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $99.84.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 206,510 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $92.80, for a total transaction of $19,164,128.00. Following the completion of the sale, the chief executive officer owned 1,363,448 shares of the company’s stock, valued at $126,527,974.40. This trade represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alain Bellemare sold 35,000 shares of Delta Air Lines stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $92.72, for a total value of $3,245,200.00. Following the completion of the sale, the executive vice president owned 95,025 shares in the company, valued at $8,810,718. This represents a 26.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 356,726 shares of company stock valued at $33,081,037 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

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.