Delta Air Lines, Inc. $DAL Shares Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 35.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,388 shares of the transportation company’s stock after buying an additional 5,890 shares during the quarter. Arkadios Wealth Advisors’ holdings in Delta Air Lines were worth $1,101,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DAL. World Investment Advisors lifted its position in Delta Air Lines by 38.5% during the second quarter. World Investment Advisors now owns 13,490 shares of the transportation company’s stock worth $663,000 after buying an additional 3,750 shares during the period. Econ Financial Services Corp acquired a new position in shares of Delta Air Lines in the second quarter worth about $1,974,000. Whalen Wealth Management Inc. purchased a new stake in Delta Air Lines during the 2nd quarter worth approximately $1,022,000. New York Life Investment Management LLC raised its stake in shares of Delta Air Lines by 3.5% in the 2nd quarter. New York Life Investment Management LLC now owns 88,217 shares of the transportation company’s stock valued at $4,339,000 after purchasing an additional 2,966 shares in the last quarter. Finally, Howard Capital Management Inc. increased its holdings in shares of Delta Air Lines by 0.3% in the 2nd quarter. Howard Capital Management Inc. now owns 88,651 shares of the transportation company’s stock valued at $4,360,000 after acquiring an additional 287 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In related news, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the transaction, the senior vice president directly owned 15,816 shares in the company, valued at approximately $968,730. This represents a 46.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the sale, the executive vice president directly owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This represents a 22.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,833 shares of company stock worth $2,463,585 in the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

DAL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Citigroup boosted their target price on shares of Delta Air Lines from $62.00 to $65.50 and gave the company a “buy” rating in a research note on Friday, July 11th. HSBC increased their target price on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Seaport Global Securities lifted their price objective on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $71.53.

Delta Air Lines Price Performance

Shares of DAL stock opened at $57.34 on Friday. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The stock has a market capitalization of $37.44 billion, a PE ratio of 8.08, a PEG ratio of 1.35 and a beta of 1.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The stock’s fifty day moving average is $59.44 and its 200-day moving average is $53.62.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The firm had revenue of $8.40 billion during the quarter. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 annualized dividend and a yield of 1.3%. Delta Air Lines’s payout ratio is 10.56%.

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.