CW Advisors LLC Grows Holdings in Delta Air Lines, Inc. $DAL

CW Advisors LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 95.6% in the second quarter, Holdings Channel reports. The institutional investor owned 214,406 shares of the transportation company’s stock after buying an additional 104,769 shares during the quarter. CW Advisors LLC’s holdings in Delta Air Lines were worth $10,545,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC grew its holdings in Delta Air Lines by 2.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 7,844 shares of the transportation company’s stock worth $386,000 after acquiring an additional 196 shares in the last quarter. JT Stratford LLC lifted its position in shares of Delta Air Lines by 1.2% during the first quarter. JT Stratford LLC now owns 16,403 shares of the transportation company’s stock worth $715,000 after purchasing an additional 200 shares during the last quarter. Nwam LLC grew its stake in Delta Air Lines by 3.1% in the second quarter. Nwam LLC now owns 7,042 shares of the transportation company’s stock worth $377,000 after purchasing an additional 212 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Delta Air Lines by 26.9% in the second quarter. First Horizon Advisors Inc. now owns 1,028 shares of the transportation company’s stock valued at $51,000 after buying an additional 218 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Delta Air Lines by 14.7% in the second quarter. Sound Income Strategies LLC now owns 1,911 shares of the transportation company’s stock valued at $94,000 after buying an additional 245 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, November 28th. TD Cowen upped their price target on Delta Air Lines from $72.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Citigroup started coverage on shares of Delta Air Lines in a research note on Thursday. They set a “buy” rating and a $77.00 target price for the company. Finally, Evercore ISI increased their target price on shares of Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $72.37.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $67.21 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. The firm has a market capitalization of $43.88 billion, a PE ratio of 9.47, a P/E/G ratio of 1.56 and a beta of 1.38. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The business’s fifty day moving average price is $59.54 and its two-hundred day moving average price is $56.17.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The business had revenue of $8.40 billion during the quarter. On average, research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, October 16th. Delta Air Lines’s payout ratio is 10.56%.

Insider Activity at Delta Air Lines

In other news, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the transaction, the senior vice president directly owned 15,816 shares in the company, valued at approximately $968,730. The trade was a 46.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the transaction, the executive vice president directly owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.88% 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.