Aaron Wealth Advisors LLC Sells 6,602 Shares of Delta Air Lines, Inc. $DAL

Aaron Wealth Advisors LLC trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 27.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,081 shares of the transportation company’s stock after selling 6,602 shares during the period. Aaron Wealth Advisors LLC’s holdings in Delta Air Lines were worth $1,136,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DAL. Brighton Jones LLC raised its position in shares of Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after buying an additional 2,302 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Delta Air Lines during the first quarter valued at $178,000. Sivia Capital Partners LLC bought a new stake in Delta Air Lines in the 2nd quarter valued at $555,000. Marshall Wace LLP increased its holdings in Delta Air Lines by 102.2% in the 2nd quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock valued at $385,000 after acquiring an additional 357,825 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Delta Air Lines by 10.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock worth $2,859,000 after purchasing an additional 5,564 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In related news, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total transaction of $737,960.00. Following the completion of the transaction, the executive vice president owned 138,854 shares in the company, valued at $10,552,904. The trade was a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the sale, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. The trade was a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,635 shares of company stock valued at $10,833,855 in the last 90 days. Insiders own 0.80% of the company’s stock.

Trending Headlines about Delta Air Lines

Here are the key news stories impacting Delta Air Lines this week:

Delta Air Lines Trading Up 0.7%

DAL opened at $92.72 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The firm has a market cap of $60.91 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.49 and a beta of 1.30. Delta Air Lines, Inc. has a 12 month low of $48.24 and a 12 month high of $95.14. The stock has a fifty day moving average price of $76.72 and a 200-day moving average price of $71.07.

Delta Air Lines (NYSE:DALGet Free Report) last issued its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.05 billion. During the same quarter last year, the company earned $0.46 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 5.36 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be issued a $0.215 dividend. The ex-dividend date is Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s dividend payout ratio (DPR) is 12.54%.

Analysts Set New Price Targets

Several research firms have commented on DAL. Raymond James Financial increased their price objective on shares of Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a report on Thursday, April 9th. Seaport Research Partners boosted their target price on Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Evercore increased their price target on Delta Air Lines from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday. HSBC cut their price target on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a report on Thursday, April 9th. Finally, Rothschild & Co Redburn reduced their price objective on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.26.

Get Our Latest Analysis on DAL

About Delta Air Lines

(Free Report)

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.

Further Reading

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DALFree Report).

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.