Axxcess Wealth Management LLC Buys Shares of 9,117 Delta Air Lines, Inc. (NYSE:DAL)

Axxcess Wealth Management LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,117 shares of the transportation company’s stock, valued at approximately $367,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Venturi Wealth Management LLC grew its position in Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 575 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Delta Air Lines during the 3rd quarter valued at $35,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock worth $49,000 after acquiring an additional 1,224 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Delta Air Lines during the third quarter valued at $56,000. Finally, Massmutual Trust Co. FSB ADV increased its position in Delta Air Lines by 147.7% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company’s stock worth $58,000 after purchasing an additional 855 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average cost of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $495,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Willie Cw Chiang purchased 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $49.50 per share, with a total value of $495,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $495,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter W. Carter sold 50,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the transaction, the executive vice president now directly owns 143,328 shares in the company, valued at approximately $7,166,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 174,073 shares of company stock worth $8,581,207. Insiders own 0.89% of the company’s stock.

Delta Air Lines Price Performance

NYSE:DAL opened at $52.29 on Thursday. The company’s 50-day moving average price is $46.41 and its two-hundred day moving average price is $41.09. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.00. The firm has a market cap of $33.47 billion, a PE ratio of 6.72, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. On average, equities analysts anticipate that Delta Air Lines, Inc. will post 6.61 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines’s dividend payout ratio is 5.14%.

Analyst Ratings Changes

DAL has been the subject of several recent research reports. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Susquehanna increased their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. UBS Group started coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. Finally, Morgan Stanley restated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $58.29.

Delta Air Lines Company 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.