Addison Advisors LLC Has $243,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Addison Advisors LLC lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,132 shares of the transportation company’s stock after selling 331 shares during the quarter. Addison Advisors LLC’s holdings in Delta Air Lines were worth $243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC boosted its stake in Delta Air Lines by 26,166.7% in the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after purchasing an additional 785 shares in the last quarter. Rise Advisors LLC grew its holdings in Delta Air Lines by 122.5% during the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after acquiring an additional 452 shares during the period. Unique Wealth Strategies LLC acquired a new position in Delta Air Lines in the second quarter valued at about $40,000. Richard W. Paul & Associates LLC raised its position in shares of Delta Air Lines by 68.7% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 357 shares during the period. Finally, Nordwand Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter worth $40,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein reduced their price target on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, July 12th. Citigroup boosted their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. HSBC started coverage on Delta Air Lines in a research note on Monday, May 13th. They issued a “buy” rating and a $72.80 price target on the stock. TD Cowen decreased their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group dropped their price objective 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 research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $60.70.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $42.04 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The company has a market cap of $27.13 billion, a price-to-earnings ratio of 6.05, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. The firm has a 50 day moving average of $42.54 and a 200-day moving average of $46.00. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.86.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The business had revenue of $15.41 billion during the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $2.68 earnings per share. On average, equities analysts forecast that Delta Air Lines, Inc. will post 5.94 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, July 30th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.63%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, July 12th. The stock was acquired at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the purchase, the director now owns 20,000 shares of the company’s stock, valued at $878,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by company insiders.

Delta Air Lines 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.