10,331 Shares in Delta Air Lines, Inc. $DAL Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,331 shares of the transportation company’s stock, valued at approximately $968,000.

Several other institutional investors also recently bought and sold shares of DAL. Brighton Jones LLC lifted its holdings in shares of Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 2,302 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Delta Air Lines in the first quarter valued at about $178,000. Sivia Capital Partners LLC purchased a new position in Delta Air Lines in the second quarter valued at about $555,000. Marshall Wace LLP raised its position in Delta Air Lines by 102.2% in the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock valued at $385,000 after purchasing an additional 357,825 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Delta Air Lines by 10.6% during the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock worth $2,859,000 after purchasing an additional 5,564 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Trading Down 2.1%

NYSE DAL opened at $76.38 on Wednesday. The company has a market capitalization of $50.23 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines, Inc. has a 12 month low of $55.03 and a 12 month high of $95.68. The company’s fifty day moving average price is $87.36 and its two-hundred day moving average price is $76.71.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.07. The company had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The company’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.10 EPS. As a group, research analysts predict that Delta Air Lines, Inc. will post 6.23 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s dividend payout ratio (DPR) is 14.26%.

Insider Buying and Selling

In other news, EVP Alain Bellemare sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.72, for a total value of $3,245,200.00. Following the completion of the sale, the executive vice president directly owned 95,025 shares in the company, valued at approximately $8,810,718. The trade was a 26.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David G. Dewalt sold 31,756 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $90.85, for a total value of $2,885,032.60. Following the sale, the director directly owned 22,358 shares in the company, valued at approximately $2,031,224.30. This represents a 58.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 356,726 shares of company stock worth $33,081,037. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DAL. Susquehanna upped their target price on Delta Air Lines from $78.00 to $108.00 and gave the stock a “positive” rating in a research report on Tuesday, July 7th. Raymond James Financial lowered their price objective on shares of Delta Air Lines from $104.00 to $98.00 and set an “outperform” rating for the company in a research report on Monday, August 24th. Wells Fargo & Company boosted their target price on shares of Delta Air Lines from $75.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. upped their target price on shares of Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, Barclays lifted their price target on shares of Delta Air Lines from $85.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Twenty-three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.84.

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.