Sugarloaf Wealth Management LLC Grows Stake in Delta Air Lines, Inc. (NYSE:DAL)

Sugarloaf Wealth Management LLC boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 52.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,428 shares of the transportation company’s stock after purchasing an additional 831 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Delta Air Lines were worth $123,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC bought a new position in shares of Delta Air Lines during the third quarter worth $635,000. Kwmg LLC lifted its stake in Delta Air Lines by 2.6% in the 3rd quarter. Kwmg LLC now owns 123,453 shares of the transportation company’s stock worth $6,270,000 after purchasing an additional 3,087 shares in the last quarter. Smith Anglin Financial LLC boosted its holdings in shares of Delta Air Lines by 20.3% during the 3rd quarter. Smith Anglin Financial LLC now owns 40,200 shares of the transportation company’s stock valued at $2,042,000 after purchasing an additional 6,791 shares during the last quarter. Czech National Bank grew its position in shares of Delta Air Lines by 6.2% during the third quarter. Czech National Bank now owns 130,630 shares of the transportation company’s stock valued at $6,635,000 after purchasing an additional 7,660 shares in the last quarter. Finally, Great Waters Wealth Management increased its holdings in shares of Delta Air Lines by 143.2% in the third quarter. Great Waters Wealth Management now owns 16,023 shares of the transportation company’s stock worth $814,000 after purchasing an additional 9,435 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Willie Cw Chiang bought 10,000 shares of the stock in a transaction on Friday, July 12th. The stock was acquired at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $878,000. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Stock Performance

DAL stock opened at $50.64 on Wednesday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The firm has a market cap of $32.68 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 0.90 and a beta of 1.35. The business’s fifty day simple moving average is $43.48 and its two-hundred day simple moving average is $46.76. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The company had revenue of $15.41 billion during the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.68 earnings per share. Analysts predict that Delta Air Lines, Inc. will post 6.18 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 1.18%. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.63%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DAL shares. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Sanford C. Bernstein increased their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday. TD Cowen reduced their price target 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. Finally, Jefferies Financial Group upped their target price on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $63.89.

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.