920 Shares in Delta Air Lines, Inc. (NYSE:DAL) Acquired by William B. Walkup & Associates Inc.

William B. Walkup & Associates Inc. acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 920 shares of the transportation company’s stock, valued at approximately $44,000.

Other large investors also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its holdings in shares of Delta Air Lines by 206.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 23,620 shares of the transportation company’s stock valued at $983,000 after purchasing an additional 15,902 shares during the last quarter. TD Asset Management Inc raised its position in shares of Delta Air Lines by 1.6% during the 4th quarter. TD Asset Management Inc now owns 192,552 shares of the transportation company’s stock valued at $7,746,000 after buying an additional 3,059 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Delta Air Lines by 2.8% in the 4th quarter. Stifel Financial Corp now owns 532,947 shares of the transportation company’s stock worth $21,442,000 after purchasing an additional 14,460 shares during the period. TFO Wealth Partners LLC increased 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 during the last quarter. Finally, Scotia Capital Inc. boosted its stake in shares of Delta Air Lines by 6.6% during the 4th quarter. Scotia Capital Inc. now owns 94,964 shares of the transportation company’s stock worth $3,820,000 after purchasing an additional 5,909 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Trading Down 0.5 %

Shares of NYSE DAL opened at $51.54 on Monday. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86. The stock has a market capitalization of $33.26 billion, a P/E ratio of 7.42, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The business has a fifty day moving average price of $42.79 and a 200 day moving average price of $46.55.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.01). The business had revenue of $15.41 billion for the quarter, compared to analysts’ expectations of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.68 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post 6.18 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. Delta Air Lines’s dividend payout ratio is currently 8.63%.

Insider Buying and Selling

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 bought at an average cost of $43.90 per share, with a total value of $439,000.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $878,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. TD Cowen decreased their price objective on shares of 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 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 note on Friday, July 12th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group reduced their target price 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. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $61.52.

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.