Harvest Portfolios Group Inc. Has $5.85 Million Stock Position in Delta Air Lines, Inc. $DAL

Harvest Portfolios Group Inc. cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,907 shares of the transportation company’s stock after selling 5,608 shares during the period. Harvest Portfolios Group Inc.’s holdings in Delta Air Lines were worth $5,848,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after purchasing an additional 2,302 shares during the period. Teacher Retirement System of Texas acquired a new position in Delta Air Lines during the 1st quarter valued at about $1,028,000. D.A. Davidson & CO. boosted its stake in Delta Air Lines by 48.7% during the 1st quarter. D.A. Davidson & CO. now owns 16,377 shares of the transportation company’s stock valued at $714,000 after purchasing an additional 5,366 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Delta Air Lines by 5.2% in the first quarter. OneDigital Investment Advisors LLC now owns 14,169 shares of the transportation company’s stock worth $618,000 after purchasing an additional 696 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in Delta Air Lines by 2.0% during the first quarter. Concurrent Investment Advisors LLC now owns 12,754 shares of the transportation company’s stock worth $556,000 after buying an additional 255 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DAL. Evercore ISI lifted their price target on Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Susquehanna Bancshares raised their target price on Delta Air Lines from $51.00 to $65.00 and gave the company a “positive” rating in a research report on Friday, July 11th. Barclays lifted their target price on Delta Air Lines from $58.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Delta Air Lines in a report on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on shares of Delta Air Lines from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $71.53.

Insider Activity

In related news, 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 of the company’s stock, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the sale, the director owned 33,245 shares in the company, valued at $2,017,971.50. This represents a 6.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,833 shares of company stock worth $2,463,585 over the last ninety days. Company insiders own 0.88% of the company’s stock.

Delta Air Lines Price Performance

DAL opened at $57.89 on Friday. The firm has a 50-day moving average price of $59.15 and a 200-day moving average price of $54.00. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $37.80 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 1.35 and a beta of 1.52.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The business had revenue of $8.40 billion during the quarter. Equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

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

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.