Oxinas Partners Wealth Management LLC Has $1.40 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Oxinas Partners Wealth Management LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 15.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,131 shares of the transportation company’s stock after selling 5,500 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Delta Air Lines were worth $1,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DAL. O Shaughnessy Asset Management LLC raised its holdings in shares of Delta Air Lines by 9.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 25,684 shares of the transportation company’s stock worth $950,000 after acquiring an additional 2,285 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Delta Air Lines by 9.6% in the third quarter. Tower Research Capital LLC TRC now owns 35,706 shares of the transportation company’s stock valued at $1,321,000 after purchasing an additional 3,119 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Delta Air Lines by 4.2% during the third quarter. Toronto Dominion Bank now owns 292,835 shares of the transportation company’s stock worth $10,835,000 after buying an additional 11,840 shares during the period. United Services Automobile Association grew its holdings in shares of Delta Air Lines by 11.0% during the third quarter. United Services Automobile Association now owns 18,770 shares of the transportation company’s stock worth $694,000 after buying an additional 1,857 shares in the last quarter. Finally, Insigneo Advisory Services LLC acquired a new stake in Delta Air Lines in the 3rd quarter valued at approximately $251,000. 69.93% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Willie Cw Chiang purchased 10,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $495,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 bought at an average cost of $49.50 per share, with a total value of $495,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $495,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $10,672,495.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,919 shares of company stock valued at $8,834,653. Insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

DAL stock traded down $0.21 during midday trading on Tuesday, reaching $46.71. The company had a trading volume of 6,247,233 shares, compared to its average volume of 9,516,563. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The firm has a 50-day moving average price of $50.59 and a 200-day moving average price of $45.23. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86. The company has a market capitalization of $30.14 billion, a P/E ratio of 6.00, a P/E/G ratio of 0.70 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts anticipate 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 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 1.28%. The ex-dividend date of this dividend is Tuesday, July 30th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. HSBC began coverage on shares of Delta Air Lines in a research report on Monday, May 13th. They set a “buy” rating and a $72.80 price target on the stock. UBS Group initiated coverage on Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research report on Thursday, April 11th. Finally, Susquehanna upped their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average target price of $60.30.

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.