Parallel Advisors LLC Increases Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Parallel Advisors LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,844 shares of the transportation company’s stock after buying an additional 488 shares during the period. Parallel Advisors LLC’s holdings in Delta Air Lines were worth $420,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DAL. Strategic Financial Concepts LLC purchased a new position in shares of Delta Air Lines during the 2nd quarter valued at about $36,000. Rise Advisors LLC grew its position in Delta Air Lines by 122.5% during the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after acquiring an additional 452 shares during the last quarter. Unique Wealth Strategies LLC bought a new position in Delta Air Lines during the 2nd quarter worth approximately $40,000. Richard W. Paul & Associates LLC grew its position in Delta Air Lines by 68.7% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock worth $42,000 after acquiring an additional 357 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new position in Delta Air Lines during the 4th quarter worth approximately $43,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAL has been the topic of several recent research reports. Jefferies Financial Group reduced their price target on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Citigroup raised their price target on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Sanford C. Bernstein reduced their price target on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 12th. Finally, TD Cowen reduced their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $61.52.

Insider Buying and Selling at Delta Air Lines

In related news, Director Willie Cw Chiang acquired 10,000 shares of the stock in a transaction on Friday, July 12th. The stock was acquired at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at $878,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is owned by company insiders.

Delta Air Lines Trading Up 3.0 %

DAL opened at $46.68 on Wednesday. The stock has a market cap of $30.12 billion, a PE ratio of 6.72, a PEG ratio of 0.89 and a beta of 1.34. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The business has a 50 day moving average of $42.25 and a 200-day moving average of $46.21. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.86.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The firm had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.68 EPS. Equities research analysts predict that Delta Air Lines, Inc. will post 5.99 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, July 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Tuesday, July 30th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.63%.

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.