Vigilare Wealth Management Acquires Shares of 5,746 Delta Air Lines, Inc. $DAL

Vigilare Wealth Management acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 5,746 shares of the transportation company’s stock, valued at approximately $538,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Lloyd Advisory Services LLC. purchased a new stake in shares of Delta Air Lines during the fourth quarter worth approximately $31,000. SWAN Capital LLC grew its position in Delta Air Lines by 1,016.0% in the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after buying an additional 508 shares during the last quarter. Camelot Portfolios LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $34,000. Cornerstone Planning Group LLC increased its stake in Delta Air Lines by 451.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after buying an additional 429 shares during the period. Finally, Atlas Wealth LLC purchased a new position in Delta Air Lines during the 1st quarter worth $35,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

Shares of DAL opened at $91.60 on Tuesday. The company has a 50-day simple moving average of $85.60 and a 200-day simple moving average of $74.30. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $60.24 billion, a PE ratio of 15.19, a P/E/G ratio of 1.10 and a beta of 1.31. Delta Air Lines, Inc. has a 52-week low of $51.23 and a 52-week high of $95.68.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The firm had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. During the same quarter in the previous year, the firm earned $2.10 earnings per share. The firm’s revenue was up 18.7% on a year-over-year basis. Equities research analysts predict that Delta Air Lines, Inc. will post 6.54 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 9th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s dividend payout ratio (DPR) is 14.26%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DAL shares. The Goldman Sachs Group restated a “buy” rating on shares of Delta Air Lines in a research note on Monday. Weiss Ratings upgraded shares of Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Sanford C. Bernstein reissued an “outperform” rating and set a $106.00 price target on shares of Delta Air Lines in a report on Monday, July 13th. Morgan Stanley raised their price objective on shares of Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Finally, BNP Paribas Exane lowered their price objective on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Twenty-three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $100.40.

Insider Activity at Delta Air Lines

In related news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of the transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total value of $737,960.00. Following the sale, the executive vice president owned 138,854 shares in the company, valued at approximately $10,552,904. The trade was a 6.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,331 shares of company stock valued at $5,036,638 over the last ninety days. 0.80% of the stock is currently owned by company insiders.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.