5,303 Shares in Delta Air Lines, Inc. $DAL Purchased by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, Holdings Channel reports. The fund purchased 5,303 shares of the transportation company’s stock, valued at approximately $268,000.

A number of other hedge funds have also bought and sold shares of DAL. Vanguard Group Inc. boosted its stake in Delta Air Lines by 0.7% in the first quarter. Vanguard Group Inc. now owns 72,924,506 shares of the transportation company’s stock valued at $3,179,508,000 after acquiring an additional 514,264 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Delta Air Lines during the second quarter worth approximately $386,364,000. Invesco Ltd. boosted its position in shares of Delta Air Lines by 30.2% during the first quarter. Invesco Ltd. now owns 7,242,852 shares of the transportation company’s stock worth $315,788,000 after buying an additional 1,681,464 shares during the period. AQR Capital Management LLC boosted its position in shares of Delta Air Lines by 149.9% during the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock worth $246,487,000 after buying an additional 3,577,489 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Delta Air Lines by 66.9% during the first quarter. Bank of New York Mellon Corp now owns 5,915,545 shares of the transportation company’s stock worth $257,918,000 after buying an additional 2,370,795 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

NYSE DAL opened at $61.73 on Tuesday. The stock has a market capitalization of $40.31 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.37 and a beta of 1.50. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The business’s fifty day moving average is $59.51 and its two-hundred day moving average is $52.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40.

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 company had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. On average, research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.2%. Delta Air Lines’s dividend payout ratio is currently 10.56%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the company’s 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 transaction, the director owned 33,245 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 35,000 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total value of $1,969,800.00. Following the completion of the transaction, the chief executive officer directly owned 632,823 shares in the company, valued at $35,615,278.44. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,510 shares of company stock valued at $2,979,663. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Raymond James Financial boosted their price objective on Delta Air Lines from $68.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 10th. Morgan Stanley boosted their target price on Delta Air Lines from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Delta Air Lines in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Susquehanna Bancshares boosted their target price on Delta Air Lines from $51.00 to $65.00 and gave the stock a “positive” rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and an average price target of $71.53.

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.