Whalen Wealth Management Inc. Makes New $1.02 Million Investment in Delta Air Lines, Inc. $DAL

Whalen Wealth Management Inc. bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,774 shares of the transportation company’s stock, valued at approximately $1,022,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DAL. JT Stratford LLC grew its stake 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 grew its stake 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 grew its stake 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 grew its stake 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, Securian Asset Management Inc. grew its stake in shares of Delta Air Lines by 0.7% in the second quarter. Securian Asset Management Inc. now owns 34,137 shares of the transportation company’s stock worth $1,679,000 after purchasing an additional 248 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In related news, Director Michael P. Huerta sold 2,500 shares of the company’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 transaction of $151,750.00. Following the sale, the director directly owned 33,245 shares in the company, valued at approximately $2,017,971.50. This represents a 6.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the sale, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. The trade was a 22.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,833 shares of company stock valued at $2,463,585 in the last three months. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Down 4.2%

NYSE:DAL opened at $57.93 on Wednesday. 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 50-day moving average of $59.54 and a 200-day moving average of $53.26. The company has a market cap of $37.82 billion, a PE ratio of 8.16, a PEG ratio of 1.38 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.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The company had revenue of $8.40 billion during the quarter. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be given 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 currently 10.56%.

Analysts Set New Price Targets

Several analysts recently weighed in on DAL shares. JPMorgan Chase & Co. boosted their price objective on shares of Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Rothschild & Co Redburn boosted their price objective on shares of Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday, October 14th. UBS Group boosted their target price on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, October 10th. Citigroup boosted their target price on shares of Delta Air Lines from $62.00 to $65.50 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Delta Air Lines in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.