waypoint wealth counsel Invests $427,000 in Delta Air Lines, Inc. $DAL

waypoint wealth counsel acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, Holdings Channel reports. The fund acquired 8,689 shares of the transportation company’s stock, valued at approximately $427,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its position in Delta Air Lines by 33.5% in the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 2,302 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Delta Air Lines by 169.9% in the first quarter. Farther Finance Advisors LLC now owns 14,391 shares of the transportation company’s stock valued at $610,000 after acquiring an additional 9,059 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Delta Air Lines by 3.7% in the 1st quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 344 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Delta Air Lines by 746.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 241,538 shares of the transportation company’s stock valued at $10,531,000 after purchasing an additional 212,990 shares during the last quarter. Finally, CVA Family Office LLC lifted its holdings in shares of Delta Air Lines by 8.7% in the 1st quarter. CVA Family Office LLC now owns 3,935 shares of the transportation company’s stock valued at $172,000 after purchasing an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 3.4%

Shares of Delta Air Lines stock opened at $57.56 on Friday. The company has a market cap of $37.59 billion, a P/E ratio of 8.11, a PEG ratio of 1.49 and a beta of 1.50. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The firm has a fifty day moving average of $58.65 and a two-hundred day moving average of $51.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38.

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

Delta Air Lines Announces Dividend

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

Wall Street Analysts Forecast Growth

DAL has been the subject of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Delta Air Lines in a report on Wednesday. Barclays boosted their price objective on Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Susquehanna upped their price target on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research report on Friday. Susquehanna Bancshares upped their target price on shares of Delta Air Lines from $51.00 to $65.00 and gave the company a “positive” rating in a report on Friday, July 11th. Finally, Raymond James Financial upped their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “strong-buy” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $70.11.

Insiders Place Their Bets

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the transaction, the director owned 33,245 shares in the company, valued at approximately $2,017,971.50. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Peter W. Carter sold 17,550 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total value of $1,003,684.50. Following the completion of the transaction, the executive vice president owned 191,442 shares of the company’s stock, valued at $10,948,567.98. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,050 shares of company stock worth $5,139,795. 0.88% of the stock is owned by insiders.

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.