Harbour Investments Inc. Sells 3,345 Shares of Delta Air Lines, Inc. $DAL

Harbour Investments Inc. trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 39.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,113 shares of the transportation company’s stock after selling 3,345 shares during the quarter. Harbour Investments Inc.’s holdings in Delta Air Lines were worth $251,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. JT Stratford LLC increased its holdings in shares of Delta Air Lines by 1.2% in the first quarter. JT Stratford LLC now owns 16,403 shares of the transportation company’s stock worth $715,000 after purchasing an additional 200 shares during the last quarter. one8zero8 LLC increased its holdings in shares of Delta Air Lines by 1.1% in the first quarter. one8zero8 LLC now owns 21,405 shares of the transportation company’s stock worth $933,000 after purchasing an additional 225 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Delta Air Lines by 14.7% in the second quarter. Sound Income Strategies LLC now owns 1,911 shares of the transportation company’s stock worth $94,000 after purchasing an additional 245 shares during the last quarter. Mainstay Capital Management LLC ADV increased its holdings in shares of Delta Air Lines by 5.0% in the first quarter. Mainstay Capital Management LLC ADV now owns 5,199 shares of the transportation company’s stock worth $227,000 after purchasing an additional 246 shares during the last quarter. Finally, E&G Advisors LP increased its stake in Delta Air Lines by 1.4% during the first quarter. E&G Advisors LP now owns 17,550 shares of the transportation company’s stock worth $765,000 after acquiring an additional 250 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Trading Up 1.0%

DAL opened at $62.34 on Wednesday. The stock has a market cap of $40.71 billion, a price-to-earnings ratio of 8.78, a P/E/G ratio of 1.41 and a beta of 1.50. The stock’s 50 day moving average price is $59.59 and its 200-day moving average price is $52.47. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. 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 announced 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 return on equity of 23.83% and a net margin of 7.36%. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

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

Analyst Ratings Changes

DAL has been the topic of several analyst reports. Susquehanna boosted their price objective on Delta Air Lines from $68.00 to $70.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. 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 note on Friday, October 10th. Dbs Bank raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. TD Cowen boosted their price objective on Delta Air Lines from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Morgan Stanley upped their target price on Delta Air Lines from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s stock. According to MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $71.53.

Insider Buying and Selling

In related news, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the sale, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. The trade was a 46.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael P. Huerta sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the sale, the director owned 33,245 shares of the company’s stock, valued at $2,017,971.50. The trade was a 6.99% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

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.