New Wave Wealth Advisors LLC Buys Shares of 9,214 Delta Air Lines, Inc. (NYSE:DAL)

New Wave Wealth Advisors LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,214 shares of the transportation company’s stock, valued at approximately $437,000.

Several other large investors have also modified their holdings of the stock. Capital International Investors increased its position in Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after buying an additional 1,689,053 shares in the last quarter. Capital World Investors lifted its position in Delta Air Lines by 0.3% during the first quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock worth $719,526,000 after buying an additional 49,712 shares during the period. Dimensional Fund Advisors LP boosted its stake in Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after buying an additional 1,105,674 shares during the last quarter. Wellington Management Group LLP grew its holdings in Delta Air Lines by 220.2% in the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after buying an additional 5,914,301 shares during the period. Finally, Royal London Asset Management Ltd. increased its stake in shares of Delta Air Lines by 27.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after acquiring an additional 1,376,221 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

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

Delta Air Lines Stock Down 1.5 %

Shares of NYSE DAL opened at $50.78 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86. The stock’s 50-day simple moving average is $42.93 and its 200-day simple moving average is $46.60. The firm has a market cap of $32.77 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 0.90 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) 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 analyst estimates of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.68 earnings per share. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 6.18 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a $0.15 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.18%. Delta Air Lines’s dividend payout ratio (DPR) is 8.63%.

Insider Buying and Selling

In other Delta Air Lines news, Director Willie Cw Chiang bought 10,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were bought at an average cost of $43.90 per share, with a total value of $439,000.00. Following the completion of the acquisition, 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 is available through the SEC website. 0.96% of the stock is currently owned by company insiders.

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.