RFG Advisory LLC Makes New $1.11 Million Investment in Delta Air Lines, Inc. (NYSE:DAL)

RFG Advisory LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 1st quarter, HoldingsChannel reports. The firm acquired 23,142 shares of the transportation company’s stock, valued at approximately $1,108,000.

Other large investors also recently bought and sold shares of the company. American International Group Inc. increased its stake in Delta Air Lines by 1.6% during the 4th quarter. American International Group Inc. now owns 181,107 shares of the transportation company’s stock worth $7,286,000 after buying an additional 2,783 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Delta Air Lines by 132.3% during the 4th quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock worth $18,777,000 after purchasing an additional 265,852 shares during the last quarter. Capital Advisors Inc. OK acquired a new position in shares of Delta Air Lines during the 4th quarter worth approximately $4,241,000. Meeder Asset Management Inc. boosted its holdings in shares of Delta Air Lines by 325.5% during the 4th quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock worth $3,124,000 after purchasing an additional 59,398 shares during the last quarter. Finally, First Hawaiian Bank acquired a new position in shares of Delta Air Lines during the 1st quarter worth approximately $749,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Down 0.5 %

Delta Air Lines stock opened at $49.38 on Friday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The stock’s fifty day simple moving average is $50.51 and its 200-day simple moving average is $44.89. 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 firm has a market capitalization of $31.87 billion, a P/E ratio of 6.35, a P/E/G ratio of 0.73 and a beta of 1.37.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, July 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Insider Transactions at Delta Air Lines

In other news, President Glen W. Hauenstein sold 100,000 shares of the company’s stock in a transaction on 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 sale, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter W. Carter sold 50,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $50.00, for a total value of $2,500,000.00. Following the completion of the transaction, the executive vice president now directly owns 143,328 shares in the company, valued at approximately $7,166,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,919 shares of company stock valued at $8,834,653. 0.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Bank of America boosted their target price on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. UBS Group began coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price on the stock. Citigroup upped their price objective on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Susquehanna upped their price objective on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and an average price target of $59.85.

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.