Massmutual Trust Co. FSB ADV Raises Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Massmutual Trust Co. FSB ADV grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 52.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,470 shares of the transportation company’s stock after purchasing an additional 849 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Delta Air Lines were worth $117,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DAL. MeadowBrook Investment Advisors LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $27,000. Manchester Capital Management LLC increased its holdings in shares of Delta Air Lines by 26,166.7% in the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 785 shares during the period. Rise Advisors LLC grew its holdings in Delta Air Lines by 122.5% during the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after acquiring an additional 452 shares during the period. Nordwand Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth $40,000. Finally, Private Wealth Management Group LLC acquired a new position in Delta Air Lines during the fourth quarter worth $42,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the topic of a number of recent analyst reports. Citigroup upped their price objective on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Sanford C. Bernstein dropped their price objective on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft boosted their target price on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Susquehanna boosted their target price on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. Finally, TD Cowen decreased their target price on 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. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $60.70.

Delta Air Lines Trading Up 0.8 %

NYSE:DAL traded up $0.29 during mid-day trading on Tuesday, reaching $38.22. The company’s stock had a trading volume of 7,504,401 shares, compared to its average volume of 9,760,312. The company’s fifty day simple moving average is $46.97 and its two-hundred day simple moving average is $45.94. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The stock has a market cap of $24.66 billion, a P/E ratio of 5.50, a P/E/G ratio of 0.86 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last issued its quarterly 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 business had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.45 billion. During the same period in the previous year, the business posted $2.68 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities analysts predict that Delta Air Lines, Inc. will post 6.26 EPS for the current year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, July 30th will be paid a $0.15 dividend. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Tuesday, July 30th. Delta Air Lines’s payout ratio is currently 8.63%.

Insider Activity

In other news, EVP Joanne D. Smith sold 4,846 shares of Delta Air Lines stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total value of $253,445.80. Following the transaction, the executive vice president now directly owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Joanne D. Smith sold 4,846 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total transaction of $253,445.80. Following the transaction, the executive vice president now directly owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Willie Cw Chiang purchased 10,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The disclosure for this purchase can be found here. Corporate 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.