Atria Investments Inc Increases Stock Position in Delta Air Lines, Inc. $DAL

Atria Investments Inc raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 51.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,152 shares of the transportation company’s stock after buying an additional 10,606 shares during the period. Atria Investments Inc’s holdings in Delta Air Lines were worth $1,532,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new position in Delta Air Lines in the 2nd quarter worth $386,364,000. Pacer Advisors Inc. raised its holdings in Delta Air Lines by 5,224.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company’s stock worth $189,081,000 after purchasing an additional 4,255,262 shares in the last quarter. AQR Capital Management LLC raised its holdings in Delta Air Lines by 149.9% in the 1st quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock worth $246,487,000 after purchasing an additional 3,577,489 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Delta Air Lines by 347.4% in the 1st quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company’s stock worth $184,909,000 after purchasing an additional 3,286,741 shares in the last quarter. Finally, Nuveen LLC bought a new position in Delta Air Lines in the 1st quarter worth $122,849,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $58.52 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $38.21 billion, a PE ratio of 8.24, a PEG ratio of 1.35 and a beta of 1.50. The firm’s 50-day moving average price is $59.23 and its 200-day moving average price is $53.97. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. The company 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%. As a group, analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Susquehanna upped their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Susquehanna Bancshares upped their price objective on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock a “positive” rating in a report on Friday, July 11th. Morgan Stanley upped their price objective on shares of Delta Air Lines from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Seaport Global Securities upped their price objective on shares of Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Finally, Wall Street Zen upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $71.53.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the transaction, the executive vice president directly owned 81,109 shares in the company, valued at $5,055,523.97. This trade represents a 22.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 39,833 shares of company stock valued at $2,463,585 over the last 90 days. 0.88% of the stock is currently owned by corporate insiders.

About Delta Air Lines

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.