Crux Wealth Advisors Has $225,000 Position in Delta Air Lines, Inc. $DAL

Crux Wealth Advisors lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,577 shares of the transportation company’s stock after selling 497 shares during the quarter. Crux Wealth Advisors’ holdings in Delta Air Lines were worth $225,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its holdings in Delta Air Lines by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company’s stock valued at $7,037,000 after purchasing an additional 9,034 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Delta Air Lines by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company’s stock valued at $160,900,000 after purchasing an additional 92,772 shares during the period. Exchange Traded Concepts LLC lifted its stake in Delta Air Lines by 152.3% in the first quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company’s stock valued at $548,000 after buying an additional 7,586 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Delta Air Lines by 8.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company’s stock valued at $1,670,000 after buying an additional 2,973 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its stake in Delta Air Lines by 1,169.4% in the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock valued at $316,000 after buying an additional 6,677 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America lifted their price target on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. BNP Paribas Exane lifted their price target on shares of Delta Air Lines from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, July 11th. The Goldman Sachs Group lifted their price target on shares of Delta Air Lines from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Evercore ISI lifted their price target on shares of Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Seaport Global Securities lifted their price target on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $71.53.

Insider Activity

In related 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 transaction of $858,112.50. Following the transaction, the senior vice president directly owned 15,816 shares in the company, valued at approximately $968,730. The trade was a 46.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director owned 33,245 shares in the company, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,510 shares of company stock worth $2,979,663 over the last ninety days. Insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

NYSE DAL opened at $59.70 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The company has a market capitalization of $38.98 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.37 and a beta of 1.50. The firm’s 50 day moving average is $59.35 and its 200-day moving average is $52.22.

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. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The company had revenue of $8.40 billion for the quarter. Equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be issued a $0.1875 dividend. The ex-dividend date is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

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.