Fiera Capital Corp Purchases 26,461 Shares of Delta Air Lines, Inc. $DAL

Fiera Capital Corp boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 18.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,943 shares of the transportation company’s stock after purchasing an additional 26,461 shares during the quarter. Fiera Capital Corp’s holdings in Delta Air Lines were worth $8,210,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of DAL. Signature Resources Capital Management LLC purchased a new position in Delta Air Lines during the second quarter valued at $25,000. NewSquare Capital LLC increased its holdings in shares of Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 371 shares in the last quarter. Activest Wealth Management raised its position in shares of Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after purchasing an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in Delta Air Lines in the 1st quarter worth about $31,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Delta Air Lines during the 1st quarter valued at about $33,000. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In related news, EVP John E. Laughter sold 23,323 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the sale, the executive vice president directly owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William C. Carroll sold 14,010 shares of the firm’s 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 sale, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. The trade was a 46.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,833 shares of company stock valued at $2,463,585 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $59.90 on Friday. 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 stock has a market capitalization of $39.11 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. The firm’s 50 day moving average price is $58.93 and its 200-day moving average price is $54.63. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The business had revenue of $8.40 billion during the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

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

Analysts Set New Price Targets

DAL has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Jefferies Financial Group upped their price objective on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Rothschild & Co Redburn lifted their target price on Delta Air Lines from $65.00 to $72.00 in a report on Tuesday, October 14th. Evercore ISI upped their price target on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Wall Street Zen upgraded 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 assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $71.53.

Delta Air Lines Company 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.