Future Financial Wealth Managment LLC Makes New $73,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,525 shares of the transportation company’s stock, valued at approximately $73,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. American International Group Inc. grew its position in shares of Delta Air Lines by 1.6% in the fourth quarter. American International Group Inc. now owns 181,107 shares of the transportation company’s stock valued at $7,286,000 after purchasing an additional 2,783 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Delta Air Lines by 132.3% in the fourth quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock valued at $18,777,000 after acquiring an additional 265,852 shares in the last quarter. Capital Advisors Inc. OK bought a new position in Delta Air Lines during the fourth quarter worth about $4,241,000. Meeder Asset Management Inc. raised its stake in Delta Air Lines by 325.5% in the 4th quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock worth $3,124,000 after purchasing an additional 59,398 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in Delta Air Lines in the 1st quarter valued at about $749,000. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

DAL has been the subject of several recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. Bank of America increased their target price on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Susquehanna raised their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Finally, HSBC initiated coverage on shares of Delta Air Lines in a report on Monday, May 13th. They set a “buy” rating and a $72.80 price target for the company. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $59.85.

Delta Air Lines Trading Down 1.3 %

Shares of DAL stock opened at $48.16 on Thursday. 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 firm has a market capitalization of $31.08 billion, a P/E ratio of 6.19, a P/E/G ratio of 0.72 and a beta of 1.37. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The stock’s fifty day simple moving average is $50.61 and its 200 day simple moving average is $45.05.

Delta Air Lines (NYSE:DAL) last released 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 return on equity of 41.89% and a net margin of 8.48%. The company had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 6.61 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th will be paid a $0.15 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, July 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. Delta Air Lines’s payout ratio is currently 5.14%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the company’s 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 owns 217,584 shares in the company, valued at approximately $10,672,495.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, President Glen W. Hauenstein sold 100,000 shares of the business’s 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter W. Carter sold 50,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the completion of the sale, the executive vice president now directly owns 143,328 shares in the company, valued at $7,166,400. The disclosure for this sale can be found here. Insiders sold 178,919 shares of company stock worth $8,834,653 over the last three months. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Company 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.