Delta Air Lines, Inc. $DAL Shares Acquired by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 80.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,561 shares of the transportation company’s stock after purchasing an additional 4,693 shares during the quarter. Delta Air Lines accounts for about 0.3% of Bradley & Co. Private Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Bradley & Co. Private Wealth Management LLC’s holdings in Delta Air Lines were worth $519,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Signature Resources Capital Management LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth approximately $25,000. NewSquare Capital LLC lifted its stake in shares of Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after buying an additional 371 shares during the period. Activest Wealth Management grew 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 valued at $30,000 after buying an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Delta Air Lines in the 1st quarter valued at $31,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Delta Air Lines in the 1st quarter valued at $33,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $58.91 on Friday. 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 stock has a market capitalization of $38.47 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.35 and a beta of 1.52. The firm’s 50 day simple moving average is $59.09 and its 200-day simple moving average is $54.13. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

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. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The firm had revenue of $8.40 billion during the quarter. Analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Susquehanna boosted their price target on Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research note on Friday, October 10th. 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 report on Friday, July 11th. Evercore ISI increased their price target on shares of Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Seaport Global Securities lifted their price objective 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $71.53.

Insider Activity

In related news, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. The trade was a 46.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 39,833 shares of company stock worth $2,463,585 in the last ninety days. Company insiders own 0.88% of the company’s stock.

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.