State of Wyoming Acquires 7,306 Shares of Delta Air Lines, Inc. $DAL

State of Wyoming lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 178.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,402 shares of the transportation company’s stock after buying an additional 7,306 shares during the quarter. State of Wyoming’s holdings in Delta Air Lines were worth $561,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DAL. Signature Resources Capital Management LLC bought a new position in Delta Air Lines in the second quarter valued at approximately $25,000. NewSquare Capital LLC raised its position in shares of Delta Air Lines by 184.6% during the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 371 shares during the last quarter. Activest Wealth Management lifted its stake in shares of Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 593 shares during the period. Wealth Preservation Advisors LLC bought a new position in shares of Delta Air Lines in the 1st quarter worth $31,000. Finally, Kilter Group LLC acquired a new position in shares of Delta Air Lines during the 2nd quarter worth about $35,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

In other news, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the transaction, the executive vice president directly owned 81,109 shares in the company, valued at $5,055,523.97. The trade was a 22.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the sale, 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 SEC filing for this sale provides additional information. Company insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

DAL has been the topic of a number of analyst reports. Cowen reiterated a “buy” rating on shares of Delta Air Lines in a research report on Thursday, December 4th. Rothschild & Co Redburn upped their target price on shares of Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday, October 14th. Evercore ISI lifted their price target on shares of Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Bank of America boosted their price target on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Seaport Global Securities upped their price objective on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $74.08.

Delta Air Lines Trading Up 2.2%

Delta Air Lines stock opened at $71.36 on Tuesday. 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 50-day moving average of $61.20 and a 200-day moving average of $57.26. The company has a market cap of $46.59 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 1.63 and a beta of 1.37. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $71.64.

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

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were paid a $0.1875 dividend. The ex-dividend date was Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.1%. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.56%.

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.