Ameriflex Group Inc. Has $274,000 Position in Delta Air Lines, Inc. $DAL

Ameriflex Group Inc. cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,598 shares of the transportation company’s stock after selling 200 shares during the quarter. Ameriflex Group Inc.’s holdings in Delta Air Lines were worth $274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in shares of Delta Air Lines by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company’s stock valued at $7,037,000 after buying an additional 9,034 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Delta Air Lines by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company’s stock valued at $160,900,000 after buying an additional 92,772 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Delta Air Lines by 152.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company’s stock worth $548,000 after purchasing an additional 7,586 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Delta Air Lines by 8.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company’s stock worth $1,670,000 after purchasing an additional 2,973 shares in the last quarter. Finally, Jefferies Financial Group Inc. increased its position in Delta Air Lines by 1,169.4% during the 1st quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock worth $316,000 after purchasing an additional 6,677 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DAL shares. Evercore ISI upped their price objective on shares of Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday. Bernstein Bank upped their price objective on shares of Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, July 11th. BNP Paribas Exane upped their price objective on shares of Delta Air Lines from $58.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 11th. Wolfe Research upped their price objective on shares of Delta Air Lines from $56.00 to $63.00 in a research report on Monday, July 14th. Finally, UBS Group set a $72.00 price objective on shares of Delta Air Lines in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating and nineteen have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $67.84.

Delta Air Lines Trading Up 0.4%

NYSE:DAL opened at $57.32 on Friday. The firm’s fifty day moving average is $58.23 and its 200-day moving average is $51.19. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The firm has a market cap of $37.42 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.53 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.09. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The company had revenue of $15.51 billion for the quarter, compared to the consensus estimate of $16.16 billion. During the same quarter in the previous year, the company earned $2.36 EPS. Delta Air Lines’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be issued a dividend of $0.1875 per share. The ex-dividend date is Thursday, October 16th. This represents a $0.75 annualized dividend and a yield of 1.3%. Delta Air Lines’s dividend payout ratio is presently 10.87%.

Insider Activity

In other Delta Air Lines news, CEO Edward H. Bastian sold 35,000 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the transaction, the chief executive officer owned 632,823 shares in the company, valued at approximately $35,615,278.44. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter W. Carter sold 17,550 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total transaction of $1,003,684.50. Following the transaction, the executive vice president owned 191,442 shares in the company, valued at approximately $10,948,567.98. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 136,473 shares of company stock valued at $7,663,496. 0.88% of the stock is currently owned by insiders.

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.