Axxcess Wealth Management LLC Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

Axxcess Wealth Management LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,117 shares of the transportation company’s stock, valued at approximately $367,000.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its holdings in Delta Air Lines by 396.6% during the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Delta Air Lines during the third quarter valued at $35,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Delta Air Lines by 1,302.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after purchasing an additional 1,224 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Delta Air Lines in the 3rd quarter worth about $56,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Delta Air Lines by 147.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company’s stock valued at $58,000 after buying an additional 855 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DAL shares. Bank of America raised their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Susquehanna lifted their target price on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research report on Tuesday, April 9th. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Morgan Stanley reissued an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $58.29.

Insiders Place Their Bets

In related news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the transaction, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Willie Cw Chiang bought 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average cost of $49.50 per share, with a total value of $495,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $495,000. The disclosure for this purchase can be found here. Insiders sold a total of 174,073 shares of company stock valued at $8,581,207 over the last 90 days. 0.89% of the stock is owned by company insiders.

Delta Air Lines Stock Up 0.2 %

Shares of DAL opened at $52.29 on Thursday. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.00. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The stock’s 50-day moving average price is $46.41 and its 200-day moving average price is $41.09. The company has a market capitalization of $33.47 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.76 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. Delta Air Lines’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 6.61 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a $0.10 dividend. The ex-dividend date is Monday, May 13th. This represents a $0.40 annualized dividend and a yield of 0.76%. Delta Air Lines’s dividend payout ratio (DPR) is currently 5.14%.

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.