Stephens Inc. AR Sells 433 Shares of Delta Air Lines, Inc. $DAL

Stephens Inc. AR decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 2.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 17,007 shares of the transportation company’s stock after selling 433 shares during the quarter. Stephens Inc. AR’s holdings in Delta Air Lines were worth $836,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Signature Resources Capital Management LLC bought a new stake in Delta Air Lines during the 2nd quarter worth $25,000. Activest Wealth Management grew its position in Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after acquiring an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC bought a new stake in Delta Air Lines during the 1st quarter worth $31,000. Zions Bancorporation National Association UT bought a new stake in Delta Air Lines during the 1st quarter worth $33,000. Finally, Hara Capital LLC bought a new stake in Delta Air Lines during the 1st quarter worth $35,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 3.7%

Shares of Delta Air Lines stock opened at $60.93 on Friday. The stock’s 50-day moving average is $59.61 and its 200 day moving average is $52.84. Delta Air Lines, Inc. has a one year low of $34.74 and a one 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 has a market cap of $39.78 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.35 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last posted 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 business had revenue of $8.40 billion for the quarter. Equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.2%. Delta Air Lines’s dividend payout ratio is 10.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DAL. Sanford C. Bernstein boosted their price objective on Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. The Goldman Sachs Group increased their price target on Delta Air Lines from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Delta Air Lines in a research note on Friday. Rothschild & Co Redburn increased their price target on Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, October 10th. 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, the company currently has an average rating of “Buy” and a consensus price target of $71.53.

Insider Transactions at Delta Air Lines

In other news, EVP John E. Laughter sold 23,323 shares of the stock in a transaction that occurred on Tuesday, October 21st. The stock was 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 $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the sale, the director directly owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,833 shares of company stock valued at $2,463,585 over the last ninety days. 0.88% of the stock is currently owned by insiders.

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.