Delta Air Lines, Inc. $DAL Shares Sold by Dynamic Financial Group

Dynamic Financial Group trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,408 shares of the transportation company’s stock after selling 455 shares during the quarter. Dynamic Financial Group’s holdings in Delta Air Lines were worth $266,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DAL. Signature Resources Capital Management LLC acquired a new position in shares of Delta Air Lines during the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Delta Air Lines during the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT acquired a new position in Delta Air Lines in the 1st quarter valued at $33,000. Hara Capital LLC acquired a new position in Delta Air Lines in the 1st quarter valued at $35,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Delta Air Lines in the 1st quarter valued at $40,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DAL has been the subject of several recent research reports. UBS Group increased their price objective on Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday. Evercore ISI increased their price objective on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Delta Air Lines in a research note on Wednesday, October 8th. Susquehanna increased their price objective on Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research note on Friday. Finally, TD Cowen increased their price objective on Delta Air Lines from $55.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $70.11.

Delta Air Lines Stock Down 3.4%

Shares of NYSE:DAL opened at $57.56 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. The business has a fifty day moving average of $58.65 and a two-hundred day moving average of $51.60. The stock has a market cap of $37.59 billion, a P/E ratio of 8.11, a PEG ratio of 1.48 and a beta of 1.50. 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 issued its earnings results 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 during the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. On average, research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

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

Insider Buying and Selling

In other news, EVP Steven M. Sear sold 18,000 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the completion of the transaction, the executive vice president directly owned 97,505 shares in the company, valued at approximately $5,456,379.80. This represents a 15.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 35,000 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total value of $1,969,800.00. Following the transaction, the chief executive officer owned 632,823 shares of the company’s stock, valued at approximately $35,615,278.44. This represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 91,050 shares of company stock valued at $5,139,795 in the last quarter. Corporate 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.