4,989 Shares in Delta Air Lines, Inc. (NYSE:DAL) Acquired by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, HoldingsChannel reports. The fund purchased 4,989 shares of the transportation company’s stock, valued at approximately $239,000.

A number of other large investors have also made changes to their positions in the company. Candriam Luxembourg S.C.A. acquired a new position in Delta Air Lines in the first quarter valued at about $502,000. Pacifica Partners Inc. lifted its holdings in shares of Delta Air Lines by 117.6% during the 1st quarter. Pacifica Partners Inc. now owns 740 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Delta Air Lines by 1,136.7% in the 1st quarter. Sound Income Strategies LLC now owns 742 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 682 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in Delta Air Lines during the 4th quarter worth approximately $28,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in Delta Air Lines during the 1st quarter worth approximately $33,000. Institutional investors own 71.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DAL. StockNews.com assumed coverage on shares of Delta Air Lines in a report on Thursday, August 17th. They issued a “buy” rating for the company. Barclays boosted their price objective on shares of Delta Air Lines from $55.00 to $58.00 in a research report on Thursday, July 13th. Bank of America increased their price target on Delta Air Lines from $50.00 to $53.00 in a research report on Monday, July 17th. Morgan Stanley lifted their price objective on shares of Delta Air Lines from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, July 14th. Finally, Raymond James upped their target price on shares of Delta Air Lines from $57.00 to $58.00 and gave the company a “strong-buy” rating in a report on Friday, July 14th. Twelve equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $56.88.

Delta Air Lines Stock Performance

DAL traded down $0.10 during trading on Thursday, hitting $39.45. The stock had a trading volume of 2,247,780 shares, compared to its average volume of 10,106,710. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.46 and a quick ratio of 0.41. The company has a 50 day moving average price of $44.49 and a 200-day moving average price of $39.55. Delta Air Lines, Inc. has a one year low of $27.20 and a one year high of $49.81. The firm has a market cap of $25.38 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 0.21 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 13th. The transportation company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.28. Delta Air Lines had a return on equity of 59.56% and a net margin of 5.36%. The company had revenue of $15.58 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. As a group, research analysts predict that Delta Air Lines, Inc. will post 6.56 EPS for the current year.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Peter W. Carter sold 17,944 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $45.00, for a total transaction of $807,480.00. Following the transaction, the executive vice president now directly owns 166,192 shares of the company’s stock, valued at $7,478,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Peter W. Carter sold 17,944 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $45.00, for a total transaction of $807,480.00. Following the sale, the executive vice president now owns 166,192 shares of the company’s stock, valued at $7,478,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven M. Sear sold 12,129 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $45.52, for a total value of $552,112.08. Following the sale, the executive vice president now owns 85,708 shares of the company’s stock, valued at $3,901,428.16. The disclosure for this sale can be found here. Insiders sold 40,479 shares of company stock valued at $1,839,353 in the last quarter. Company insiders own 0.89% of the company’s stock.

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.