Rise Advisors LLC Grows Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Rise Advisors LLC raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 122.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 821 shares of the transportation company’s stock after purchasing an additional 452 shares during the quarter. Rise Advisors LLC’s holdings in Delta Air Lines were worth $39,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MeadowBrook Investment Advisors LLC bought a new stake in shares of Delta Air Lines during the fourth quarter worth $27,000. Venturi Wealth Management LLC lifted its position in shares of Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after purchasing an additional 575 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of Delta Air Lines by 26,166.7% during the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after purchasing an additional 785 shares during the last quarter. Nordwand Advisors LLC bought a new stake in shares of Delta Air Lines during the fourth quarter worth $40,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of Delta Air Lines during the fourth quarter worth $42,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Price Performance

DAL opened at $49.63 on Friday. The business’s 50-day moving average is $50.46 and its two-hundred day moving average is $44.76. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The firm has a market capitalization of $32.03 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.73 and a beta of 1.37.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts anticipate that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, July 30th will be paid a dividend of $0.15 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.21%. Delta Air Lines’s payout ratio is presently 5.14%.

Insider Transactions at Delta Air Lines

In other news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now directly owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,919 shares of company stock worth $8,834,653. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DAL. HSBC began coverage on Delta Air Lines in a research report on Monday, May 13th. They set a “buy” rating and a $72.80 target price for the company. Morgan Stanley restated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. UBS Group assumed coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target on the stock. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Susquehanna raised their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $59.85.

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.