Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Calton & Associates Inc.

Calton & Associates Inc. grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 16.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,690 shares of the transportation company’s stock after buying an additional 930 shares during the period. Calton & Associates Inc.’s holdings in Delta Air Lines were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. MeadowBrook Investment Advisors LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $27,000. Venturi Wealth Management LLC increased its position in Delta Air Lines by 396.6% during the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after purchasing an additional 575 shares during the period. Manchester Capital Management LLC increased its position in Delta Air Lines by 26,166.7% during the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after purchasing an additional 785 shares during the period. Rise Advisors LLC increased its position in Delta Air Lines by 122.5% during the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after purchasing an additional 452 shares during the period. Finally, Nordwand Advisors LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DAL shares. HSBC started coverage on Delta Air Lines in a research note on Monday, May 13th. They set a “buy” rating and a $72.80 price target on the stock. Citigroup boosted their price target on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Morgan Stanley reissued an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. Bank of America boosted their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $60.25.

Delta Air Lines Price Performance

DAL stock opened at $47.44 on Friday. The stock’s 50 day moving average price is $50.63 and its 200 day moving average price is $45.15. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The firm has a market cap of $30.61 billion, a P/E ratio of 6.10, a PEG ratio of 0.72 and a beta of 1.37. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. Delta Air Lines’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. On average, sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, July 30th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, July 30th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 1.26%. Delta Air Lines’s payout ratio is 5.14%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the business’s 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 completion of the transaction, the president now directly owns 217,584 shares in the company, valued at approximately $10,672,495.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the business’s 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 completion of the transaction, the president now directly owns 217,584 shares in the company, valued at approximately $10,672,495.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Willie Cw Chiang acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average price of $49.50 per share, with a total value of $495,000.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $495,000. The disclosure for this purchase can be found here. In the last three months, insiders sold 178,919 shares of company stock worth $8,834,653. Insiders own 0.96% of the company’s stock.

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.