Stratos Wealth Advisors LLC Invests $218,000 in Delta Air Lines, Inc. (DAL)

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Stratos Wealth Advisors LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,222 shares of the transportation company’s stock, valued at approximately $218,000.

Several other hedge funds have also bought and sold shares of DAL. Boston Partners boosted its stake in shares of Delta Air Lines by 24.1% in the 1st quarter. Boston Partners now owns 13,730,881 shares of the transportation company’s stock worth $709,200,000 after buying an additional 2,669,765 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Delta Air Lines by 3,837.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,713,031 shares of the transportation company’s stock worth $215,000 after buying an additional 10,440,934 shares during the last quarter. FMR LLC boosted its stake in shares of Delta Air Lines by 30.9% in the 4th quarter. FMR LLC now owns 9,742,670 shares of the transportation company’s stock worth $486,161,000 after buying an additional 2,298,101 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Delta Air Lines by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock worth $389,356,000 after buying an additional 50,255 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Delta Air Lines by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock worth $386,658,000 after buying an additional 532,550 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:DAL traded up $0.04 during mid-day trading on Friday, reaching $55.42. The company had a trading volume of 60,765 shares, compared to its average volume of 3,911,345. The company has a current ratio of 0.34, a quick ratio of 0.29 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $36.27 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. Delta Air Lines, Inc. has a one year low of $45.08 and a one year high of $61.32.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 10th. The transportation company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. The company had revenue of $10.47 billion for the quarter, compared to analysts’ expectations of $10.39 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. Research analysts predict that Delta Air Lines, Inc. will post 6.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, May 1st. This represents a $1.40 dividend on an annualized basis and a yield of 2.53%. Delta Air Lines’s payout ratio is 24.78%.

In other Delta Air Lines news, EVP Rahul D. Samant sold 13,436 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $51.16, for a total transaction of $687,385.76. Following the sale, the executive vice president now owns 67,598 shares of the company’s stock, valued at approximately $3,458,313.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter W. Carter sold 25,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $58.01, for a total transaction of $1,450,250.00. Following the sale, the executive vice president now directly owns 85,295 shares in the company, valued at approximately $4,947,962.95. The disclosure for this sale can be found here. In the last three months, insiders have acquired 3,554,538 shares of company stock worth $175,828,075 and have sold 145,901 shares worth $8,125,848. Insiders own 0.47% of the company’s stock.

DAL has been the topic of a number of research analyst reports. Vertical Research initiated coverage on Delta Air Lines in a research note on Monday, February 4th. They issued a “hold” rating on the stock. Zacks Investment Research downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Deutsche Bank cut shares of Delta Air Lines from a “buy” rating to a “hold” rating and set a $49.58 price target on the stock. in a report on Friday, March 1st. Cowen lifted their price target on shares of Delta Air Lines from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Finally, Stephens set a $63.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $66.09.

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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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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