Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Everhart Financial Group Inc.

Everhart Financial Group Inc. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,603 shares of the transportation company’s stock after acquiring an additional 663 shares during the period. Everhart Financial Group Inc.’s holdings in Delta Air Lines were worth $456,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DAL. MeadowBrook Investment Advisors LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $27,000. Manchester Capital Management LLC boosted its stake 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 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 452 shares in the last quarter. Nordwand Advisors LLC purchased a new stake in Delta Air Lines during the 4th quarter worth $40,000. Finally, Unique Wealth Strategies LLC acquired a new position in Delta Air Lines in the 2nd quarter worth $40,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DAL shares. Sanford C. Bernstein lowered their target price on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, July 12th. HSBC began coverage on Delta Air Lines in a research note on Monday, May 13th. They set a “buy” rating and a $72.80 price objective for the company. Jefferies Financial Group cut their target price on 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. Citigroup increased their target price on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, TD Cowen dropped their price target 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. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $60.70.

Delta Air Lines Stock Performance

Shares of NYSE:DAL traded up $1.24 on Friday, reaching $41.38. 6,033,520 shares of the company’s stock were exchanged, compared to its average volume of 9,552,022. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $53.86. The business’s 50-day moving average is $43.99 and its two-hundred day moving average is $45.90. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $26.70 billion, a price-to-earnings ratio of 5.95, a PEG ratio of 0.86 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last issued 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). The business 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 business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.68 EPS. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 6.26 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th were paid a dividend of $0.15 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Tuesday, July 30th. Delta Air Lines’s dividend payout ratio is presently 8.63%.

Insiders Place Their Bets

In other news, Director Willie Cw Chiang purchased 10,000 shares of Delta Air Lines stock in a transaction dated Friday, July 12th. The stock was bought at an average price 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 approximately $878,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.96% of the stock is owned by corporate insiders.

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.