Prudent Man Advisors LLC Has $677,000 Position in Delta Air Lines, Inc. $DAL

Prudent Man Advisors LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 31.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,761 shares of the transportation company’s stock after acquiring an additional 3,269 shares during the period. Prudent Man Advisors LLC’s holdings in Delta Air Lines were worth $677,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its position in shares of Delta Air Lines by 146.9% during the 2nd quarter. Brighton Jones LLC now owns 32,900 shares of the transportation company’s stock valued at $1,618,000 after acquiring an additional 19,574 shares during the period. CVA Family Office LLC lifted its position in shares of Delta Air Lines by 8.2% during the 2nd quarter. CVA Family Office LLC now owns 4,257 shares of the transportation company’s stock valued at $209,000 after acquiring an additional 322 shares during the period. Focus Partners Advisor Solutions LLC lifted its position in shares of Delta Air Lines by 137.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 36,351 shares of the transportation company’s stock valued at $1,788,000 after acquiring an additional 21,020 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Delta Air Lines by 17.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 473,477 shares of the transportation company’s stock valued at $23,286,000 after acquiring an additional 70,270 shares during the period. Finally, Jackson Hole Capital Partners LLC lifted its position in shares of Delta Air Lines by 29.5% during the 2nd quarter. Jackson Hole Capital Partners LLC now owns 42,447 shares of the transportation company’s stock valued at $2,088,000 after acquiring an additional 9,657 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Seaport Global Securities boosted their price target on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, September 11th. Bank of America boosted their price target on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Susquehanna Bancshares boosted their price target on shares of Delta Air Lines from $51.00 to $65.00 and gave the company a “positive” rating in a research note on Friday, July 11th. Finally, The Goldman Sachs Group boosted their price target on shares of Delta Air Lines from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average target price of $71.53.

Delta Air Lines Stock Performance

NYSE DAL opened at $60.93 on Friday. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. The firm has a market cap of $39.78 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.40 and a beta of 1.50. The company has a fifty day moving average price of $59.61 and a 200-day moving average price of $52.96.

Delta Air Lines (NYSE:DAL) last posted its 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 23.83%. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business 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 annualized dividend and a yield of 1.2%. Delta Air Lines’s payout ratio is 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 business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director directly owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the sale, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. This trade represents a 46.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,833 shares of company stock valued at $2,463,585. 0.88% of the stock is currently owned by company 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.