Wealthspire Advisors LLC Has $1.76 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Wealthspire Advisors LLC boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 53.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,823 shares of the transportation company’s stock after buying an additional 15,335 shares during the quarter. Wealthspire Advisors LLC’s holdings in Delta Air Lines were worth $1,763,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Patrick M Sweeney & Associates Inc. acquired a new position in Delta Air Lines in the 4th quarter valued at $222,000. Charles Schwab Investment Management Inc. grew its stake in shares of Delta Air Lines by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,342,501 shares of the transportation company’s stock worth $134,469,000 after acquiring an additional 40,566 shares during the last quarter. Apollon Wealth Management LLC increased its position in Delta Air Lines by 64.9% during the fourth quarter. Apollon Wealth Management LLC now owns 24,568 shares of the transportation company’s stock worth $988,000 after acquiring an additional 9,669 shares during the period. Private Advisor Group LLC raised its stake in Delta Air Lines by 3.6% during the 4th quarter. Private Advisor Group LLC now owns 171,249 shares of the transportation company’s stock valued at $6,889,000 after purchasing an additional 5,985 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new stake in Delta Air Lines in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.9 %

Shares of Delta Air Lines stock traded up $0.48 on Thursday, reaching $52.76. 4,601,177 shares of the company were exchanged, compared to its average volume of 10,611,410. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.00. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average of $46.61 and a 200 day moving average of $41.17. The company has a market capitalization of $33.77 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 0.76 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 6.61 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 annualized dividend and a yield of 0.76%. Delta Air Lines’s dividend payout ratio is 5.14%.

Insider Buying and Selling

In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total value of $253,445.80. Following the transaction, the executive vice president now directly owns 112,421 shares in the company, valued at $5,879,618.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total value of $253,445.80. Following the transaction, the executive vice president now directly owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the sale, the president now owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,919 shares of company stock valued at $8,834,653. 0.89% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on DAL shares. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Delta Air Lines in a research report on Thursday, April 11th. Susquehanna lifted their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Bank of America lifted their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $58.29.

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.