Wedmont Private Capital Purchases 386 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Wedmont Private Capital raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,941 shares of the transportation company’s stock after acquiring an additional 386 shares during the period. Wedmont Private Capital’s holdings in Delta Air Lines were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DAL. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at $27,000. Venturi Wealth Management LLC boosted its stake 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 valued at $29,000 after purchasing an additional 575 shares during the period. Manchester Capital Management LLC boosted its stake 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 valued at $32,000 after purchasing an additional 785 shares during the period. Rise Advisors LLC boosted its stake in shares of Delta Air Lines by 122.5% during the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 452 shares during the period. Finally, Nordwand Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at $40,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

DAL opened at $49.35 on Friday. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $53.86. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The company has a market cap of $31.85 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 0.73 and a beta of 1.37. The firm’s 50-day moving average price is $50.51 and its 200-day moving average price is $44.84.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data 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 net margin of 8.48% and a return on equity of 41.89%. The firm had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 6.61 EPS 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. Investors of record on Tuesday, July 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.22%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio is 5.14%.

Insider Buying and Selling

In related news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction that occurred 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 transaction, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction that occurred 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 transaction, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Willie Cw Chiang purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average price of $49.50 per share, for a total transaction of $495,000.00. Following 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. In the last quarter, insiders have sold 178,919 shares of company stock worth $8,834,653. 0.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DAL shares. Citigroup upped their price objective 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 reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. Susquehanna upped their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. UBS Group started coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $59.85.

Delta Air Lines 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.