Cetera Investment Advisers Has $10.47 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Cetera Investment Advisers boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 220,621 shares of the transportation company’s stock after purchasing an additional 2,055 shares during the quarter. Cetera Investment Advisers’ holdings in Delta Air Lines were worth $10,466,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DAL. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines during the second quarter valued at about $31,000. Strategic Financial Concepts LLC bought a new position in Delta Air Lines during the second quarter valued at about $36,000. Rise Advisors LLC raised its holdings in Delta Air Lines by 122.5% in 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 in the last quarter. Unique Wealth Strategies LLC bought a new stake in shares of Delta Air Lines in the 2nd quarter worth approximately $40,000. Finally, Quarry LP bought a new stake in shares of Delta Air Lines in the 2nd quarter worth approximately $41,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $49.28 on Friday. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86. The firm’s 50-day moving average price is $43.35 and its two-hundred day moving average price is $46.73. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $31.80 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 0.90 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The business had revenue of $15.41 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $2.68 earnings per share. On average, equities analysts predict that Delta Air Lines, Inc. will post 6.18 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio is currently 8.63%.

Insider Buying and Selling at Delta Air Lines

In related news, Director Willie Cw Chiang bought 10,000 shares of Delta Air Lines stock in a transaction dated Friday, July 12th. The shares were bought at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $878,000. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

DAL has been the subject of a number of recent research reports. Jefferies Financial Group upped their target price on Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. TD Cowen reduced their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Sanford C. Bernstein lowered their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $63.62.

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.