IHT Wealth Management LLC Has $3.47 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

IHT Wealth Management LLC increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,326 shares of the transportation company’s stock after acquiring an additional 2,825 shares during the period. IHT Wealth Management LLC’s holdings in Delta Air Lines were worth $3,467,000 as of its most recent filing with the Securities and Exchange Commission.

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

Delta Air Lines Price Performance

Shares of DAL opened at $62.56 on Wednesday. The firm has a market cap of $40.37 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. Delta Air Lines, Inc. has a 52-week low of $36.34 and a 52-week high of $66.25. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The business’s 50 day moving average price is $57.37 and its two-hundred day moving average price is $49.64.

Delta Air Lines (NYSE:DAL) last posted its quarterly 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 return on equity of 29.93% and a net margin of 7.71%. The company 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 business posted $2.03 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a $0.15 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.96%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Insider Activity

In other news, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Joanne D. Smith sold 3,431 shares of the firm’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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock worth $8,044,893 over the last quarter. 0.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of research reports. Jefferies Financial Group boosted their price objective on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Sanford C. Bernstein boosted their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Barclays raised their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average target price of $75.83.

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.