Delta Air Lines, Inc. $DAL Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 5.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,872 shares of the transportation company’s stock after selling 678 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Delta Air Lines were worth $535,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Signature Resources Capital Management LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth about $25,000. Activest Wealth Management boosted its stake in shares of Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after purchasing an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in shares of Delta Air Lines during the first quarter worth about $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Delta Air Lines during the first quarter worth about $33,000. Finally, Hara Capital LLC acquired a new position in shares of Delta Air Lines in the first quarter valued at approximately $35,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Delta Air Lines

In other news, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the transaction, the executive vice president owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director owned 33,245 shares in the company, valued at $2,017,971.50. The trade was a 6.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 39,833 shares of company stock valued at $2,463,585 over the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Delta Air Lines Price Performance

DAL stock opened at $57.03 on Friday. The company has a market cap of $37.24 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 1.35 and a beta of 1.50. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $59.52 and a two-hundred day moving average price of $53.41. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98.

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

Delta Air Lines Dividend Announcement

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 paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s payout ratio is currently 10.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DAL. Bernstein Bank raised their target price 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. Citigroup increased their price target on Delta Air Lines from $62.00 to $65.50 and gave the stock a “buy” rating in a research note on Friday, July 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Wall Street Zen raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $71.53.

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.