Meridian Wealth Management LLC Has $1.88 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Meridian Wealth Management LLC trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,205 shares of the transportation company’s stock after selling 2,167 shares during the quarter. Meridian Wealth Management LLC’s holdings in Delta Air Lines were worth $1,883,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DAL. Stephens Inc. AR grew its holdings in Delta Air Lines by 122.0% during the third quarter. Stephens Inc. AR now owns 35,436 shares of the transportation company’s stock worth $1,800,000 after buying an additional 19,477 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Delta Air Lines by 16.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,357 shares of the transportation company’s stock valued at $272,000 after purchasing an additional 757 shares during the period. Chicago Partners Investment Group LLC bought a new position in Delta Air Lines in the 3rd quarter valued at $245,000. Janney Montgomery Scott LLC grew its stake in Delta Air Lines by 419.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock valued at $28,551,000 after purchasing an additional 453,926 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Delta Air Lines by 7.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,674 shares of the transportation company’s stock worth $898,000 after acquiring an additional 1,252 shares during the period. Institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the sale, the executive vice president now directly owns 35,889 shares in the company, valued at approximately $2,479,212.12. The trade was a 33.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 in the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 2.9 %

Shares of NYSE DAL opened at $58.36 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $37.73 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The stock’s fifty day simple moving average is $64.26 and its two-hundred day simple moving average is $57.47.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 EPS. As a group, analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DAL. UBS Group reiterated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Barclays raised their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Citigroup raised their price objective on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Susquehanna raised their price target on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average price target of $78.22.

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.