Valeo Financial Advisors LLC Increases Stake in Delta Air Lines, Inc. $DAL

Valeo Financial Advisors LLC increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,900 shares of the transportation company’s stock after acquiring an additional 1,751 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Delta Air Lines were worth $782,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. JT Stratford LLC raised its holdings in shares of Delta Air Lines by 1.2% during the first quarter. JT Stratford LLC now owns 16,403 shares of the transportation company’s stock valued at $715,000 after acquiring an additional 200 shares in the last quarter. one8zero8 LLC raised its holdings in shares of Delta Air Lines by 1.1% during the first quarter. one8zero8 LLC now owns 21,405 shares of the transportation company’s stock valued at $933,000 after acquiring an additional 225 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Delta Air Lines by 14.7% during the second quarter. Sound Income Strategies LLC now owns 1,911 shares of the transportation company’s stock valued at $94,000 after acquiring an additional 245 shares in the last quarter. Mainstay Capital Management LLC ADV raised its holdings in shares of Delta Air Lines by 5.0% during the first quarter. Mainstay Capital Management LLC ADV now owns 5,199 shares of the transportation company’s stock valued at $227,000 after acquiring an additional 246 shares in the last quarter. Finally, E&G Advisors LP raised its holdings in shares of Delta Air Lines by 1.4% during the first quarter. E&G Advisors LP now owns 17,550 shares of the transportation company’s stock valued at $765,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 0.9%

NYSE DAL opened at $57.13 on Thursday. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The stock has a market cap of $37.30 billion, a P/E ratio of 8.28, a P/E/G ratio of 1.55 and a beta of 1.50. The stock’s fifty day moving average price is $58.40 and its 200-day moving average price is $51.40. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.The firm had revenue of $15.51 billion for the quarter, compared to analysts’ expectations of $16.16 billion. During the same period in the prior year, the firm posted $2.36 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS 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. Investors of record on Thursday, October 16th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. Delta Air Lines’s dividend payout ratio (DPR) is 10.87%.

Insider Activity at Delta Air Lines

In related news, EVP Peter W. Carter sold 17,550 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total transaction of $1,003,684.50. Following the sale, the executive vice president directly owned 191,442 shares of the company’s stock, valued at $10,948,567.98. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 35,000 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total value of $1,969,800.00. Following the sale, the chief executive officer directly owned 632,823 shares in the company, valued at $35,615,278.44. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,473 shares of company stock valued at $7,663,496 over the last three months. 0.88% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DAL shares. UBS Group set a $72.00 price target on Delta Air Lines in a research note on Friday, July 11th. Susquehanna Bancshares upped their target price on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock a “positive” rating in a research report on Friday, July 11th. TD Cowen upped their target price on shares of Delta Air Lines from $55.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Susquehanna upped their target price on shares of Delta Air Lines from $65.00 to $68.00 and gave the stock a “positive” rating in a research report on Friday, October 3rd. Finally, Bernstein Bank upped their target price on shares of Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and nineteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average price target of $67.84.

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.