Meridian Wealth Management LLC Has $1.41 Million Stock Position in Delta Air Lines, Inc. $DAL

Meridian Wealth Management LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,716 shares of the transportation company’s stock after selling 3,488 shares during the quarter. Meridian Wealth Management LLC’s holdings in Delta Air Lines were worth $1,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Signature Resources Capital Management LLC acquired a new stake in Delta Air Lines in the 2nd quarter worth about $25,000. NewSquare Capital LLC grew its position in shares of Delta Air Lines by 184.6% during the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after purchasing an additional 371 shares in the last quarter. Activest Wealth Management increased its holdings in shares of Delta Air Lines by 2,280.8% during the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after purchasing an additional 593 shares during the period. Wealth Preservation Advisors LLC bought a new position in shares of Delta Air Lines during the first quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Delta Air Lines in the first quarter valued at approximately $33,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Dbs Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. lifted their price objective on Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Bank of America increased their target price on Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Wolfe Research raised their price target on Delta Air Lines from $63.00 to $67.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group boosted their price target on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $71.53.

Insider Activity 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 sale, the director 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the transaction, the senior vice president owned 15,816 shares of the company’s stock, valued at $968,730. This trade represents a 46.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 39,833 shares of company stock valued at $2,463,585. 0.88% of the stock is owned by insiders.

Delta Air Lines Trading Down 2.6%

Shares of DAL stock opened at $58.35 on Monday. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The stock’s fifty day moving average price is $58.87 and its two-hundred day moving average price is $54.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The company has a market cap of $38.10 billion, a PE ratio of 8.22, a P/E/G ratio of 1.35 and a beta of 1.52.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The company 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%. Equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) 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.