AE Wealth Management LLC Has $429,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

AE Wealth Management LLC grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 14.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,033 shares of the transportation company’s stock after acquiring an additional 1,138 shares during the quarter. AE Wealth Management LLC’s holdings in Delta Air Lines were worth $429,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DAL. Assetmark Inc. grew its stake in Delta Air Lines by 94.3% in the fourth quarter. Assetmark Inc. now owns 1,397 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 678 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Delta Air Lines by 206.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 23,620 shares of the transportation company’s stock valued at $983,000 after purchasing an additional 15,902 shares during the period. TD Asset Management Inc increased its stake in Delta Air Lines by 1.6% during the 4th quarter. TD Asset Management Inc now owns 192,552 shares of the transportation company’s stock worth $7,746,000 after purchasing an additional 3,059 shares in the last quarter. Stifel Financial Corp raised its holdings in Delta Air Lines by 2.8% during the 4th quarter. Stifel Financial Corp now owns 532,947 shares of the transportation company’s stock worth $21,442,000 after buying an additional 14,460 shares during the period. Finally, TFO Wealth Partners LLC lifted its stake in Delta Air Lines by 20,838.5% in the fourth quarter. TFO Wealth Partners LLC now owns 5,444 shares of the transportation company’s stock valued at $219,000 after buying an additional 5,418 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DAL shares. TD Cowen dropped their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Sanford C. Bernstein dropped their price target on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, July 12th. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group decreased their price target on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, June 28th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $61.52.

Delta Air Lines Stock Performance

Shares of DAL opened at $51.81 on Friday. The company has a market cap of $33.44 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34. The firm has a 50-day moving average of $42.54 and a 200-day moving average of $46.40. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The business had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.68 EPS. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 6.18 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.63%.

Insider Buying and Selling at Delta Air Lines

In related news, Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction on Friday, July 12th. The stock was purchased at an average cost of $43.90 per share, with a total value of $439,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.96% of the company’s stock.

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.