180 Wealth Advisors LLC Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

180 Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 19,736 shares of the transportation company’s stock, valued at approximately $947,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacifica Partners Inc. increased its stake in Delta Air Lines by 117.6% in the first quarter. Pacifica Partners Inc. now owns 740 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Delta Air Lines by 1,136.7% during the 1st quarter. Sound Income Strategies LLC now owns 742 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 682 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in shares of Delta Air Lines during the 4th quarter valued at about $28,000. GPS Wealth Strategies Group LLC bought a new stake in Delta Air Lines in the 1st quarter worth approximately $33,000. Finally, Carmel Capital Partners LLC purchased a new stake in Delta Air Lines in the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 71.29% of the company’s stock.

Delta Air Lines Price Performance

DAL opened at $38.89 on Tuesday. Delta Air Lines, Inc. has a 12-month low of $27.20 and a 12-month high of $49.81. The company has a market cap of $25.02 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 0.21 and a beta of 1.30. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 2.24. The stock has a fifty day simple moving average of $44.17 and a two-hundred day simple moving average of $39.57.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 13th. The transportation company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.28. Delta Air Lines had a return on equity of 59.56% and a net margin of 5.36%. The company had revenue of $15.58 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the prior year, the company earned $1.44 earnings per share. Delta Air Lines’s revenue was up 12.7% on a year-over-year basis. Research analysts predict that Delta Air Lines, Inc. will post 6.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of Delta Air Lines from a “c” rating to a “b” rating in a research note on Thursday, July 13th. Barclays lifted their price objective on Delta Air Lines from $55.00 to $58.00 in a report on Thursday, July 13th. Susquehanna increased their target price on Delta Air Lines from $45.00 to $54.00 in a report on Wednesday, June 28th. Jefferies Financial Group lifted their price target on Delta Air Lines from $50.00 to $60.00 in a research note on Tuesday, July 11th. Finally, Raymond James raised their target price on shares of Delta Air Lines from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Friday, July 14th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $57.31.

Insiders Place Their Bets

In other news, EVP Steven M. Sear sold 12,129 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $45.52, for a total transaction of $552,112.08. Following the completion of the sale, the executive vice president now owns 85,708 shares of the company’s stock, valued at approximately $3,901,428.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Delta Air Lines news, Director Michael P. Huerta sold 3,350 shares of Delta Air Lines stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $48.43, for a total transaction of $162,240.50. Following the transaction, the director now owns 27,465 shares of the company’s stock, valued at $1,330,129.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven M. Sear sold 12,129 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $45.52, for a total transaction of $552,112.08. Following the completion of the sale, the executive vice president now directly owns 85,708 shares of the company’s stock, valued at $3,901,428.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,479 shares of company stock worth $1,839,353. Company insiders own 0.89% 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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.