Brookstone Capital Management Lowers Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Brookstone Capital Management reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,042 shares of the transportation company’s stock after selling 1,533 shares during the quarter. Brookstone Capital Management’s holdings in Delta Air Lines were worth $1,151,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. MeadowBrook Investment Advisors LLC purchased a new position in shares of Delta Air Lines during the 4th quarter valued at approximately $27,000. Venturi Wealth Management LLC raised its position in shares of Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after acquiring 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 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after acquiring an additional 785 shares in the last quarter. Rise Advisors LLC grew its position in shares of Delta Air Lines by 122.5% during the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 452 shares during the period. Finally, Nordwand Advisors LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at about $40,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Trading Down 2.4 %

Shares of DAL stock opened at $47.44 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The company’s 50-day moving average price is $50.63 and its 200-day moving average price is $45.17. The stock has a market cap of $30.61 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 0.72 and a beta of 1.37.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. As a group, equities analysts predict that Delta Air Lines, Inc. will post 6.61 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, July 30th will be given a $0.15 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s payout ratio is currently 5.14%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total value of $253,445.80. Following the transaction, the executive vice president now owns 112,421 shares of the company’s stock, valued at $5,879,618.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total value of $253,445.80. Following the sale, the executive vice president now owns 112,421 shares of the company’s stock, valued at $5,879,618.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction on 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 transaction, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 178,919 shares of company stock worth $8,834,653. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on DAL shares. Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Jefferies Financial Group reduced their price objective on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. Susquehanna raised their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. Finally, Citigroup boosted their price objective on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $60.25.

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.