B. Riley Wealth Advisors Inc. Lowers Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

B. Riley Wealth Advisors Inc. lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,843 shares of the transportation company’s stock after selling 2,301 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Delta Air Lines were worth $1,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DAL. MeadowBrook Investment Advisors LLC purchased a new stake in Delta Air Lines in the fourth quarter worth about $27,000. Venturi Wealth Management LLC boosted its position in shares of Delta Air Lines by 396.6% in the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after purchasing an additional 575 shares in the last quarter. Manchester Capital Management LLC grew its stake in shares of Delta Air Lines by 26,166.7% in the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after buying an additional 785 shares during the last quarter. Nordwand Advisors LLC bought a new position in Delta Air Lines during the 4th quarter valued at approximately $40,000. Finally, Private Wealth Management Group LLC purchased a new position in Delta Air Lines during the fourth quarter valued at $42,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

DAL opened at $49.58 on Wednesday. The company’s 50 day moving average is $50.36 and its 200 day moving average is $44.69. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The company has a market cap of $31.99 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.71 and a beta of 1.37. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter last year, the company posted $0.25 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Delta Air Lines, Inc. will post 6.66 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Monday, May 13th. Delta Air Lines’s payout ratio is 5.14%.

Analyst Ratings Changes

A number of research firms have recently commented on DAL. Deutsche Bank Aktiengesellschaft increased their target price on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Bank of America raised their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Citigroup upped their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Morgan Stanley reissued an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research report on Thursday, April 11th. Finally, StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $59.85.

Insider Buying and Selling at Delta Air Lines

In other news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Willie Cw Chiang purchased 10,000 shares of Delta Air Lines stock in a transaction on Wednesday, May 1st. The stock was bought at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $495,000. The disclosure for this purchase can be found here. Insiders have sold 178,919 shares of company stock valued at $8,834,653 over the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

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.