Claro Advisors LLC Purchases New Stake in Delta Air Lines, Inc. (NYSE:DAL)

Claro Advisors LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,296 shares of the transportation company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC boosted its holdings in shares of Delta Air Lines by 24.7% during the 1st quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock worth $47,000 after buying an additional 195 shares during the period. HBK Sorce Advisory LLC lifted its position in Delta Air Lines by 4.0% during the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock worth $276,000 after acquiring an additional 221 shares during the last quarter. Silverlake Wealth Management LLC boosted its holdings in shares of Delta Air Lines by 2.9% during the first quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock worth $390,000 after acquiring an additional 229 shares during the period. Lindbrook Capital LLC grew its position in shares of Delta Air Lines by 7.2% in the first quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company’s stock valued at $166,000 after purchasing an additional 233 shares during the last quarter. Finally, Norden Group LLC increased its stake in shares of Delta Air Lines by 1.8% during the first quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock worth $670,000 after purchasing an additional 243 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

In other news, Director Willie Cw Chiang acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average price of $43.90 per share, with a total value of $439,000.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of several recent research reports. TD Cowen reduced their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Sanford C. Bernstein reduced their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. HSBC began coverage on shares of Delta Air Lines in a research report on Monday, May 13th. They set a “buy” rating and a $72.80 price target on the stock. Jefferies Financial Group cut their price objective on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a report on Friday, June 28th. Finally, Citigroup raised their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $60.70.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $42.49 on Tuesday. The stock has a fifty day moving average of $43.02 and a 200-day moving average of $46.02. The stock has a market capitalization of $27.42 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 0.93 and a beta of 1.35. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. During the same period in the previous year, the firm posted $2.68 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 5.94 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, July 30th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, July 30th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s payout ratio is presently 8.63%.

Delta Air Lines 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.