Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 31.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,781 shares of the transportation company’s stock after selling 37,108 shares during the quarter. Evergreen Capital Management LLC’s holdings in Delta Air Lines were worth $3,785,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Strategic Financial Concepts LLC acquired a new position in Delta Air Lines during the second quarter worth about $36,000. Rise Advisors LLC grew its position in shares of Delta Air Lines by 122.5% in the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 452 shares in the last quarter. Unique Wealth Strategies LLC acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $40,000. Richard W. Paul & Associates LLC lifted its position in Delta Air Lines by 68.7% during the second quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock worth $42,000 after buying an additional 357 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new position in Delta Air Lines during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup upped their target price on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. TD Cowen dropped their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Sanford C. Bernstein cut their price objective on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. Finally, Jefferies Financial Group decreased their target price on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, June 28th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $61.52.

Insiders Place Their Bets

In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of the stock in a transaction dated Friday, July 12th. The stock was acquired at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the purchase, the director now 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 hyperlink. Insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

NYSE:DAL opened at $47.16 on Tuesday. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $53.86. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The company has a 50 day moving average price of $42.44 and a 200 day moving average price of $46.35. The stock has a market capitalization of $30.43 billion, a P/E ratio of 6.79, a PEG ratio of 0.89 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last released 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). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The firm had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. During the same quarter last year, the company earned $2.68 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts forecast that Delta Air Lines, Inc. will post 5.99 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, October 10th. Delta Air Lines’s dividend payout ratio is currently 8.63%.

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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.