Crewe Advisors LLC Decreases Holdings in Delta Air Lines, Inc. $DAL

Crewe Advisors LLC reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 51.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 535 shares of the transportation company’s stock after selling 565 shares during the period. Crewe Advisors LLC’s holdings in Delta Air Lines were worth $26,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Chicago Partners Investment Group LLC grew its stake in Delta Air Lines by 114.4% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 11,822 shares of the transportation company’s stock worth $581,000 after buying an additional 6,308 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Delta Air Lines in the 2nd quarter valued at $15,138,000. Mutual of America Capital Management LLC grew its position in Delta Air Lines by 0.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 74,897 shares of the transportation company’s stock worth $3,683,000 after purchasing an additional 269 shares during the period. Signature Estate & Investment Advisors LLC raised its position in Delta Air Lines by 2.7% during the second quarter. Signature Estate & Investment Advisors LLC now owns 93,778 shares of the transportation company’s stock valued at $4,612,000 after acquiring an additional 2,477 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its stake in shares of Delta Air Lines by 8.8% in the 2nd quarter. Koshinski Asset Management Inc. now owns 5,782 shares of the transportation company’s stock valued at $284,000 after purchasing an additional 466 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of recent analyst reports. TD Cowen increased their price target on Delta Air Lines from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Morgan Stanley boosted their target price on Delta Air Lines from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Wolfe Research lifted their target price on shares of Delta Air Lines from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Susquehanna Bancshares increased their price objective on Delta Air Lines from $51.00 to $65.00 and gave the stock a “positive” rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $71.53.

Delta Air Lines Stock Up 3.5%

Shares of NYSE:DAL opened at $61.73 on Tuesday. The firm has a market capitalization of $40.31 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 1.37 and a beta of 1.50. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. The firm’s 50-day moving average is $59.51 and its two-hundred day moving average is $52.40.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The company had revenue of $8.40 billion for the quarter. Analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.2%. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares of the company’s stock, valued at approximately $968,730. This trade represents a 46.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total value of $1,969,800.00. Following the completion of the transaction, the chief executive officer directly owned 632,823 shares in the company, valued at approximately $35,615,278.44. The trade was a 5.24% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,510 shares of company stock valued at $2,979,663. Insiders own 0.96% of the company’s stock.

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.