Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Lessened by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL) by 28.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,448 shares of the transportation company’s stock after selling 584 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Delta Air Lines were worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in DAL. Assetmark Inc. raised its position in Delta Air Lines by 94.3% during the fourth quarter. Assetmark Inc. now owns 1,397 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 678 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in Delta Air Lines by 206.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 23,620 shares of the transportation company’s stock valued at $983,000 after acquiring an additional 15,902 shares in the last quarter. TD Asset Management Inc raised its position in Delta Air Lines by 1.6% during the fourth quarter. TD Asset Management Inc now owns 192,552 shares of the transportation company’s stock valued at $7,746,000 after acquiring an additional 3,059 shares in the last quarter. Stifel Financial Corp raised its position in Delta Air Lines by 2.8% during the fourth quarter. Stifel Financial Corp now owns 532,947 shares of the transportation company’s stock valued at $21,442,000 after acquiring an additional 14,460 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its position in Delta Air Lines by 20,838.5% during the fourth quarter. TFO Wealth Partners LLC now owns 5,444 shares of the transportation company’s stock valued at $219,000 after acquiring an additional 5,418 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in 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 on the stock in a research report on Friday, June 28th. TD Cowen cut their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Sanford C. Bernstein dropped their price target on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 12th. Finally, BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $61.52.

Delta Air Lines Trading Down 0.6 %

Shares of DAL stock opened at $51.52 on Friday. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86. The firm’s fifty day simple moving average is $42.67 and its 200 day simple moving average is $46.44. The firm has a market capitalization of $33.25 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. During the same period last year, the firm posted $2.68 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 6.18 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.63%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, Director Willie Cw Chiang purchased 10,000 shares of the stock in a transaction on Friday, July 12th. The shares were purchased 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 of the company’s stock, valued at approximately $878,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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.