Cetera Investment Advisers Purchases 51,483 Shares of Delta Air Lines, Inc. $DAL

Cetera Investment Advisers increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 21.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 288,067 shares of the transportation company’s stock after buying an additional 51,483 shares during the period. Cetera Investment Advisers’ holdings in Delta Air Lines were worth $19,151,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Lloyd Advisory Services LLC. bought a new stake in Delta Air Lines in the 4th quarter valued at $31,000. SWAN Capital LLC grew its position in shares of Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 508 shares in the last quarter. Camelot Portfolios LLC purchased a new position in shares of Delta Air Lines during the fourth quarter valued at about $34,000. Cornerstone Planning Group LLC increased its holdings in shares of Delta Air Lines by 451.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock worth $34,000 after purchasing an additional 429 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Delta Air Lines in the third quarter worth about $35,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the sale, the executive vice president directly owned 95,025 shares in the company, valued at $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of Delta Air Lines stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total transaction of $395,000.00. Following the transaction, the executive vice president directly owned 133,854 shares of the company’s stock, valued at $10,574,466. The trade was a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,331 shares of company stock worth $5,036,638 in the last 90 days. 0.80% of the stock is currently owned by insiders.

Delta Air Lines Trading Up 1.9%

DAL opened at $86.64 on Tuesday. The stock has a 50-day moving average of $84.13 and a 200 day moving average of $73.68. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. Delta Air Lines, Inc. has a 12 month low of $50.44 and a 12 month high of $95.68. The firm has a market cap of $56.97 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.07 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. The business had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.10 earnings per share. As a group, research analysts forecast that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, July 9th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is currently 14.26%.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of research analyst reports. HSBC decreased their target price on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Susquehanna lifted their price objective on Delta Air Lines from $78.00 to $108.00 and gave the stock a “positive” rating in a research note on Tuesday, July 7th. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Wells Fargo & Company upped their price objective on Delta Air Lines from $75.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $106.00 target price on shares of Delta Air Lines in a research report on Monday, July 13th. Twenty-three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.40.

Delta Air Lines Profile

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.