Delta Air Lines, Inc. $DAL Position Increased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 646.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,161 shares of the transportation company’s stock after purchasing an additional 39,112 shares during the period. TD Waterhouse Canada Inc.’s holdings in Delta Air Lines were worth $4,207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lloyd Advisory Services LLC. acquired a new stake in Delta Air Lines during the fourth quarter worth about $31,000. SWAN Capital LLC boosted its stake in Delta Air Lines by 1,016.0% in the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 508 shares during the period. Elevation Wealth Partners LLC grew its holdings in shares of Delta Air Lines by 195.9% during the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 237 shares during the last quarter. Atlas Wealth LLC bought a new position in shares of Delta Air Lines during the first quarter valued at approximately $35,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Delta Air Lines during the third quarter valued at approximately $35,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

Shares of DAL opened at $80.13 on Tuesday. Delta Air Lines, Inc. has a 12 month low of $55.03 and a 12 month high of $95.68. The company’s fifty day moving average is $86.33 and its 200-day moving average is $76.98. 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 firm has a market cap of $52.70 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. The firm had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The business’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.10 EPS. Equities analysts expect that Delta Air Lines, Inc. will post 6.23 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

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

Wall Street Analyst Weigh In

DAL has been the subject of a number of analyst reports. Barclays boosted their price objective on Delta Air Lines from $85.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Raymond James Financial cut their target price on Delta Air Lines from $104.00 to $98.00 and set an “outperform” rating on the stock in a research note on Monday, August 24th. Weiss Ratings raised shares of Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Wells Fargo & Company lifted their price objective on shares of Delta Air Lines from $75.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Delta Air Lines in a report on Monday, August 3rd. Twenty-three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.84.

Insider Activity

In other Delta Air Lines news, EVP Alain Bellemare sold 35,000 shares of the business’s 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 sale, the executive vice president owned 95,025 shares of the company’s stock, valued at $8,810,718. The trade was a 26.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven Sear sold 40,460 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $93.55, for a total transaction of $3,785,033.00. Following the completion of the transaction, the executive vice president owned 104,404 shares of the company’s stock, valued at approximately $9,766,994.20. This represents a 27.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 356,726 shares of company stock valued at $33,081,037. 0.80% of the stock is owned by insiders.

About Delta Air Lines

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.