Silverlake Wealth Management LLC Grows Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Silverlake Wealth Management LLC grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,145 shares of the transportation company’s stock after buying an additional 229 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Delta Air Lines were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in Delta Air Lines by 220.2% during the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after purchasing an additional 5,914,301 shares during the period. Capital International Investors increased its stake in Delta Air Lines by 8.8% during the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after buying an additional 1,689,053 shares during the period. Norges Bank acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $65,056,000. Jennison Associates LLC boosted its position in Delta Air Lines by 145.2% in the 4th quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock valued at $105,347,000 after buying an additional 1,550,770 shares during the period. Finally, Royal London Asset Management Ltd. grew its stake in shares of Delta Air Lines by 27.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock worth $260,198,000 after acquiring an additional 1,376,221 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other Delta Air Lines news, Director Willie Cw Chiang bought 10,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost 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 of the company’s stock, valued at $495,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Willie Cw Chiang acquired 10,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 10,000 shares in the company, valued at approximately $495,000. The disclosure for this purchase can be found here. In the last three months, insiders have sold 178,919 shares of company stock valued at $8,834,653. Insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $46.71 on Wednesday. The stock’s 50-day moving average is $50.59 and its two-hundred day moving average is $45.23. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86. The firm has a market cap of $30.14 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 0.70 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $13.75 billion for 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%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. Analysts predict that Delta Air Lines, Inc. will post 6.58 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, July 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DAL. Jefferies Financial Group reduced their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Citigroup raised their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Bank of America boosted their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Morgan Stanley restated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $60.30.

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.