Kwmg LLC Raises Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Kwmg LLC grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 1.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 128,289 shares of the transportation company’s stock after buying an additional 2,253 shares during the period. Kwmg LLC’s holdings in Delta Air Lines were worth $6,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at about $27,000. Venturi Wealth Management LLC boosted its stake 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 worth $29,000 after buying an additional 575 shares during the period. Manchester Capital Management LLC boosted its stake in Delta Air Lines by 26,166.7% during the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after buying an additional 785 shares during the period. Rise Advisors LLC boosted its stake in Delta Air Lines by 122.5% during the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after buying an additional 452 shares during the period. Finally, Nordwand Advisors LLC purchased a new position in Delta Air Lines during the fourth quarter worth about $40,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total value of $253,445.80. Following the completion of the transaction, the executive vice president now owns 112,421 shares in the company, valued at approximately $5,879,618.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, President Glen W. Hauenstein sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now directly owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Joanne D. Smith sold 4,846 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total value of $253,445.80. Following the sale, the executive vice president now directly owns 112,421 shares in the company, valued at $5,879,618.30. The disclosure for this sale can be found here. Insiders sold a total of 178,919 shares of company stock worth $8,834,653 in the last 90 days. 0.96% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a research note on Thursday, April 11th. HSBC began coverage on shares of Delta Air Lines in a research note on Monday, May 13th. They issued a “buy” rating and a $72.80 price objective for the company. Citigroup raised their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Susquehanna raised their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average price target of $59.85.

Delta Air Lines Trading Down 1.4 %

Shares of NYSE DAL traded down $0.68 on Wednesday, reaching $48.13. 7,665,136 shares of the company traded hands, compared to its average volume of 9,524,342. 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 50 day moving average of $50.61 and a 200 day moving average of $45.05. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $31.06 billion, a PE ratio of 6.20, a P/E/G ratio of 0.72 and a beta of 1.37.

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

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, July 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, July 30th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio is currently 5.14%.

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.