Global Wealth Management Investment Advisory Inc. Has $1.83 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 20.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,011 shares of the transportation company’s stock after acquiring an additional 6,203 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Delta Air Lines were worth $1,829,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter valued at $25,000. Kimelman & Baird LLC bought a new stake in Delta Air Lines during the 2nd quarter worth approximately $31,000. Unique Wealth Strategies LLC acquired a new position in Delta Air Lines in the 2nd quarter valued at approximately $40,000. Quarry LP bought a new position in shares of Delta Air Lines during the second quarter valued at $41,000. Finally, Richard W. Paul & Associates LLC lifted its holdings in shares of Delta Air Lines by 68.7% during 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 period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 1.5 %

Shares of DAL stock traded up $0.83 during trading hours on Tuesday, reaching $57.72. The company had a trading volume of 310,771 shares, compared to its average volume of 9,403,653. The company has a market cap of $37.25 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. 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 12 month low of $32.46 and a 12 month high of $59.19. The business has a fifty day simple moving average of $49.33 and a 200-day simple moving average of $47.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share 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 company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter last year, the business posted $2.03 earnings per share. Delta Air Lines’s revenue was up 1.2% on a year-over-year basis. On average, research analysts expect that Delta Air Lines, Inc. will post 6.12 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. Delta Air Lines’s dividend payout ratio is currently 8.33%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Bank of America increased their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Susquehanna upped their target price on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. Sanford C. Bernstein lifted their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their price target on shares of Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Barclays upped their price objective on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $65.40.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the transaction, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,200 shares of company stock worth $6,269,469 in the last 90 days. Insiders own 0.96% of the company’s stock.

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.