KMG Fiduciary Partners LLC Has $6.40 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

KMG Fiduciary Partners LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,942 shares of the transportation company’s stock after buying an additional 2,961 shares during the period. KMG Fiduciary Partners LLC’s holdings in Delta Air Lines were worth $6,397,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DAL. Future Financial Wealth Managment LLC bought a new stake in shares of Delta Air Lines in the third quarter valued at $25,000. Kimelman & Baird LLC bought a new position in shares of Delta Air Lines during the second quarter valued at about $31,000. Unique Wealth Strategies LLC bought a new position in shares of Delta Air Lines during the second quarter valued at about $40,000. Quarry LP bought a new stake in shares of Delta Air Lines in the second quarter worth about $41,000. Finally, Richard W. Paul & Associates LLC grew its stake in shares of Delta Air Lines by 68.7% in the second quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock worth $42,000 after purchasing an additional 357 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the transaction, the executive vice president now owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the sale, the executive vice president now owns 121,961 shares in the company, valued at approximately $6,739,564.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the subject of several research analyst reports. Susquehanna raised their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 9th. TD Cowen cut their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Barclays lifted their target price on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $65.40.

Delta Air Lines Price Performance

Shares of DAL opened at $55.80 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $56.48. The company has a 50 day moving average price of $45.81 and a 200-day moving average price of $47.14. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The stock has a market capitalization of $36.01 billion, a PE ratio of 8.03, a PEG ratio of 0.98 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. During the same period in the previous year, the company earned $2.03 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Equities analysts predict that Delta Air Lines, Inc. will post 6.17 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a $0.15 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.08%. Delta Air Lines’s dividend payout ratio is currently 8.63%.

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.