True Wealth Design LLC Boosts Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

True Wealth Design LLC raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 7,748.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,962 shares of the transportation company’s stock after acquiring an additional 1,937 shares during the quarter. True Wealth Design LLC’s holdings in Delta Air Lines were worth $100,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Pzena Investment Management LLC acquired a new stake in Delta Air Lines in the third quarter valued at about $281,206,000. Castle Hook Partners LP acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $189,296,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Delta Air Lines in the second quarter valued at approximately $60,217,000. Dimensional Fund Advisors LP boosted its stake in shares of Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after buying an additional 1,105,674 shares in the last quarter. Finally, Sanders Capital LLC grew its holdings in Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after acquiring an additional 749,099 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the sale, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 140,240 shares of company stock valued at $8,044,893. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DAL. Susquehanna boosted their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. TD Cowen boosted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Sanford C. Bernstein increased their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. UBS Group reissued a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Finally, Barclays upped their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average price target of $75.83.

Delta Air Lines Stock Up 0.3 %

Shares of NYSE:DAL opened at $63.82 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $41.18 billion, a P/E ratio of 8.86, a P/E/G ratio of 1.21 and a beta of 1.33. Delta Air Lines, Inc. has a 52-week low of $36.19 and a 52-week high of $66.25. The stock’s fifty day simple moving average is $56.75 and its 200-day simple moving average is $49.52.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. During the same quarter last year, the company posted $2.03 earnings per share. Delta Air Lines’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.33%.

About Delta Air Lines

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.