Delta Air Lines, Inc. (NYSE:DAL) Position Lifted by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,959 shares of the transportation company’s stock after purchasing an additional 1,720 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Delta Air Lines were worth $1,089,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Delta Air Lines during the third quarter valued at approximately $25,000. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines during the 2nd quarter valued at $31,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines in the 3rd quarter valued at about $31,000. Strategic Financial Concepts LLC bought a new position in shares of Delta Air Lines during the 2nd quarter valued at about $36,000. Finally, Unique Wealth Strategies LLC acquired a new position in shares of Delta Air Lines in the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. The trade was a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William C. Carroll sold 21,530 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock worth $8,044,893 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DAL shares. JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Bank of America raised their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. TD Cowen increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Citigroup raised their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and an average target price of $75.83.

Delta Air Lines Stock Down 0.4 %

NYSE:DAL opened at $60.80 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. Delta Air Lines, Inc. has a one year low of $36.34 and a one year high of $67.50. The company has a market cap of $39.23 billion, a PE ratio of 8.44, a P/E/G ratio of 1.21 and a beta of 1.35. The firm’s 50 day simple moving average is $59.97 and its 200 day simple moving average is $50.45.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the previous year, the firm earned $2.03 EPS. Delta Air Lines’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts anticipate that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. Delta Air Lines’s dividend payout ratio is presently 8.33%.

About Delta Air Lines

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.