Valeo Financial Advisors LLC Has $979,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Valeo Financial Advisors LLC increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 21.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,457 shares of the transportation company’s stock after buying an additional 3,648 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Delta Air Lines were worth $979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Silverlake Wealth Management LLC increased its stake in shares of Delta Air Lines by 2.9% in the first quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock valued at $390,000 after buying an additional 229 shares during the period. Balboa Wealth Partners increased its position in Delta Air Lines by 3.3% during the 4th quarter. Balboa Wealth Partners now owns 8,146 shares of the transportation company’s stock valued at $328,000 after purchasing an additional 261 shares during the period. Wahed Invest LLC increased its position in 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 purchasing an additional 265 shares during the period. Navalign LLC increased its position in 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 purchasing an additional 293 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in 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 purchasing an additional 304 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Activity

In other news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction 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 completion of the sale, the president now directly owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the sale, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the sale, the president now directly owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Insiders sold a total of 178,919 shares of company stock valued at $8,834,653 in the last ninety days. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. HSBC assumed coverage on shares of Delta Air Lines in a research report on Monday, May 13th. They set a “buy” rating and a $72.80 target price for the company. Citigroup increased their price target on Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Morgan Stanley restated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Bank of America increased their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $60.30.

Delta Air Lines Stock Up 1.5 %

NYSE:DAL traded up $0.68 during trading hours on Wednesday, hitting $47.39. 3,540,037 shares of the company traded hands, compared to its average volume of 9,469,552. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The firm’s 50-day simple moving average is $50.54 and its 200-day simple moving average is $45.26. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The company has a market cap of $30.58 billion, a PE ratio of 6.09, a PEG ratio of 0.70 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $12.51 billion. During the same period last year, the business earned $0.25 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Equities analysts predict that Delta Air Lines, Inc. will post 6.58 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm 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 is Tuesday, July 30th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 1.27%. Delta Air Lines’s dividend payout ratio (DPR) 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.