Delta Air Lines, Inc. $DAL Holdings Increased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 11.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,181 shares of the transportation company’s stock after buying an additional 534 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Delta Air Lines were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DAL. Signature Resources Capital Management LLC bought a new stake in shares of Delta Air Lines during the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Delta Air Lines in the 1st quarter worth approximately $31,000. Zions Bancorporation National Association UT bought a new stake in shares of Delta Air Lines in the 1st quarter worth approximately $33,000. Hara Capital LLC bought a new stake in shares of Delta Air Lines in the 1st quarter worth approximately $35,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Delta Air Lines in the 1st quarter worth approximately $40,000. 69.93% of the stock is currently owned by institutional investors.

Insider Activity at Delta Air Lines

In related news, EVP Peter W. Carter sold 17,550 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $57.19, for a total transaction of $1,003,684.50. Following the transaction, the executive vice president directly owned 191,442 shares of the company’s stock, valued at approximately $10,948,567.98. The trade was a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the transaction, the chief executive officer directly owned 632,823 shares in the company, valued at $35,615,278.44. The trade was a 5.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 91,050 shares of company stock valued at $5,139,795. Company insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of a number of research reports. Wall Street Zen upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Saturday. Bernstein Bank boosted their target price on shares of Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, July 11th. JPMorgan Chase & Co. boosted their target price 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. Susquehanna Bancshares boosted their target price on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock a “positive” rating in a report on Friday, July 11th. Finally, Morgan Stanley boosted their target price on shares of Delta Air Lines from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. According to data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average price target of $70.11.

Delta Air Lines Stock Down 3.4%

DAL stock opened at $57.56 on Friday. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The company’s 50 day simple moving average is $58.65 and its 200-day simple moving average is $51.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. The firm has a market capitalization of $37.59 billion, a P/E ratio of 8.11, a P/E/G ratio of 1.49 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 24.85%. The business had revenue of $8.40 billion for the quarter. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. Delta Air Lines’s payout ratio is presently 10.56%.

About Delta Air Lines

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.