Wealthspire Advisors LLC Acquires 15,335 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Wealthspire Advisors LLC boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 53.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,823 shares of the transportation company’s stock after purchasing an additional 15,335 shares during the period. Wealthspire Advisors LLC’s holdings in Delta Air Lines were worth $1,763,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DAL. Morgan Stanley raised its stake in shares of Delta Air Lines by 8.7% during the third quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock valued at $401,048,000 after acquiring an additional 865,746 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Delta Air Lines by 17.1% during the third quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock valued at $188,514,000 after acquiring an additional 743,882 shares during the last quarter. Northern Trust Corp raised its stake in shares of Delta Air Lines by 3.0% during the third quarter. Northern Trust Corp now owns 4,966,330 shares of the transportation company’s stock valued at $183,754,000 after acquiring an additional 145,513 shares during the last quarter. Invesco Ltd. raised its stake in shares of Delta Air Lines by 27.0% during the third quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock valued at $178,112,000 after acquiring an additional 1,022,957 shares during the last quarter. Finally, U S Global Investors Inc. raised its stake in shares of Delta Air Lines by 21.1% during the fourth quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock valued at $178,400,000 after acquiring an additional 773,636 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Transactions at Delta Air Lines

In related news, President Glen W. Hauenstein sold 100,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the transaction, the executive vice president now directly owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,919 shares of company stock worth $8,834,653. Company insiders own 0.89% of the company’s stock.

Delta Air Lines Stock Up 0.9 %

Shares of NYSE DAL traded up $0.48 during trading hours on Thursday, hitting $52.76. 4,601,177 shares of the stock were exchanged, compared to its average volume of 10,611,410. The firm has a fifty day moving average price of $46.61 and a 200-day moving average price of $41.17. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.00. The company has a market cap of $33.77 billion, a PE ratio of 6.78, a PEG ratio of 0.76 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same period in the prior year, the company posted $0.25 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 6.61 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. Delta Air Lines’s payout ratio is 5.14%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Susquehanna increased their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. Morgan Stanley reissued an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. UBS Group assumed coverage on Delta Air Lines in a research report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective for the company. Finally, Bank of America raised their price target on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $58.29.

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.