Atria Wealth Solutions Inc. Has $836,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

Atria Wealth Solutions Inc. boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,824 shares of the transportation company’s stock after purchasing an additional 583 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Delta Air Lines were worth $836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in shares of Delta Air Lines by 1.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 36,948 shares of the transportation company’s stock valued at $1,877,000 after buying an additional 699 shares in the last quarter. Arkadios Wealth Advisors increased its position in Delta Air Lines by 3.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 13,205 shares of the transportation company’s stock worth $671,000 after purchasing an additional 465 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Delta Air Lines by 47.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 84,100 shares of the transportation company’s stock worth $4,271,000 after purchasing an additional 27,006 shares in the last quarter. State of Alaska Department of Revenue increased its position in Delta Air Lines by 6.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 74,495 shares of the transportation company’s stock worth $3,783,000 after purchasing an additional 4,335 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in Delta Air Lines by 6.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 17,838 shares of the transportation company’s stock worth $906,000 after purchasing an additional 1,107 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.5 %

Shares of NYSE DAL opened at $61.78 on Wednesday. The firm has a market cap of $39.94 billion, a PE ratio of 11.59, a P/E/G ratio of 0.75 and a beta of 1.36. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The company’s fifty day simple moving average is $64.30 and its 200 day simple moving average is $56.89. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 earnings per share. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Insider Buying and Selling

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock valued at $11,116,463 over the last ninety days. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DAL has been the topic of a number of research reports. Citigroup boosted their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. TD Cowen boosted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Susquehanna boosted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, Barclays boosted their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average target price of $78.22.

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.