Family Firm Inc. Takes $55,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Family Firm Inc. purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,152 shares of the transportation company’s stock, valued at approximately $55,000.

Several other large investors have also bought and sold shares of DAL. Manchester Capital Management LLC lifted its stake in shares of Delta Air Lines by 24.7% in the 1st quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 195 shares during the period. HBK Sorce Advisory LLC lifted its stake in Delta Air Lines by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock valued at $276,000 after buying an additional 221 shares during the period. Silverlake Wealth Management LLC boosted its holdings in Delta Air Lines by 2.9% during the first quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock worth $390,000 after buying an additional 229 shares during the last quarter. Lindbrook Capital LLC grew its position in shares of Delta Air Lines by 7.2% during the 1st quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company’s stock worth $166,000 after buying an additional 233 shares during the period. Finally, Norden Group LLC increased its stake in shares of Delta Air Lines by 1.8% in the 1st quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock valued at $670,000 after acquiring an additional 243 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Up 3.1 %

Shares of Delta Air Lines stock opened at $41.38 on Friday. The firm has a market cap of $26.70 billion, a PE ratio of 5.95, a P/E/G ratio of 0.86 and a beta of 1.35. The business’s 50 day simple moving average is $43.99 and its 200 day simple moving average is $45.94. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $53.86.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data 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 net margin of 7.46% and a return on equity of 36.02%. The business had revenue of $15.41 billion during the quarter, compared to analyst estimates of $15.45 billion. During the same quarter last year, the business earned $2.68 earnings per share. Delta Air Lines’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Delta Air Lines, Inc. will post 6.26 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

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

Insider Activity

In related news, Director Willie Cw Chiang bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $878,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on DAL. Citigroup lifted their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Jefferies Financial Group decreased their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a report on Friday, June 28th. HSBC initiated coverage on Delta Air Lines in a research note on Monday, May 13th. They set a “buy” rating and a $72.80 price objective on the stock. TD Cowen decreased their target price on 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. Finally, Sanford C. Bernstein dropped their price target on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 12th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $60.70.

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.