First Dallas Securities Inc. Boosts Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

First Dallas Securities Inc. raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 43.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,280 shares of the transportation company’s stock after buying an additional 5,224 shares during the quarter. First Dallas Securities Inc.’s holdings in Delta Air Lines were worth $827,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Balboa Wealth Partners increased its position in Delta Air Lines by 3.3% in the 4th quarter. Balboa Wealth Partners now owns 8,146 shares of the transportation company’s stock worth $328,000 after purchasing an additional 261 shares during the last quarter. Wahed Invest LLC increased its holdings in shares of Delta Air Lines by 10.7% during the 4th quarter. Wahed Invest LLC now owns 2,748 shares of the transportation company’s stock valued at $111,000 after acquiring an additional 265 shares during the last quarter. Navalign LLC increased its holdings in shares of Delta Air Lines by 1.7% during the 4th quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock valued at $700,000 after acquiring an additional 293 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Delta Air Lines by 2.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 12,240 shares of the transportation company’s stock valued at $492,000 after acquiring an additional 304 shares during the last quarter. Finally, Chesley Taft & Associates LLC increased its holdings in shares of Delta Air Lines by 2.4% during the 4th quarter. Chesley Taft & Associates LLC now owns 13,922 shares of the transportation company’s stock valued at $560,000 after acquiring an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

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

Delta Air Lines Price Performance

DAL traded down $1.16 during trading on Friday, hitting $47.44. The company’s stock had a trading volume of 11,892,869 shares, compared to its average volume of 6,649,761. The firm’s 50 day moving average price is $50.63 and its two-hundred day moving average price is $45.15. 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, Inc. has a 12 month low of $30.60 and a 12 month high of $53.86. The stock has a market capitalization of $30.61 billion, a price-to-earnings ratio of 6.10, a price-to-earnings-growth ratio of 0.72 and a beta of 1.37.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share. Sell-side 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, July 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s payout ratio is presently 5.14%.

Analyst Ratings Changes

DAL has been the topic of a number of analyst reports. Citigroup increased their price objective on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Bank of America raised their price objective on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research report on Thursday, April 11th. Jefferies Financial Group reduced their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $60.25.

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.