HFG Advisors Inc. Boosts Position in Delta Air Lines, Inc. (NYSE:DAL)

HFG Advisors Inc. boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,951 shares of the transportation company’s stock after acquiring an additional 880 shares during the quarter. HFG Advisors Inc.’s holdings in Delta Air Lines were worth $572,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC bought a new stake in Delta Air Lines during the fourth quarter valued at about $27,000. Venturi Wealth Management LLC boosted its stake in shares of Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after acquiring an additional 575 shares during the period. Manchester Capital Management LLC boosted its stake in shares of Delta Air Lines by 26,166.7% in the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after acquiring an additional 785 shares during the period. Rise Advisors LLC boosted its stake in shares of Delta Air Lines by 122.5% in the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after acquiring an additional 452 shares during the period. Finally, Nordwand Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In related news, Director Willie Cw Chiang acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average price of $49.50 per share, with a total value of $495,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $495,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Alain Bellemare sold 24,073 shares of the company’s 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 transaction, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Willie Cw Chiang purchased 10,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 1st. The stock was acquired at an average cost of $49.50 per share, with a total value of $495,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $495,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 178,919 shares of company stock worth $8,834,653. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on DAL. Jefferies Financial Group dropped their price target on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday. Bank of America raised their price target on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price target on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. UBS Group started coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. Finally, Susquehanna raised their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $60.25.

Delta Air Lines Stock Down 1.0 %

Shares of NYSE:DAL traded down $0.48 on Monday, reaching $46.96. The company had a trading volume of 4,261,381 shares, compared to its average volume of 9,503,423. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $53.86. The firm’s 50 day simple moving average is $50.63 and its 200-day simple moving average is $45.20. The firm has a market capitalization of $30.30 billion, a PE ratio of 6.10, a PEG ratio of 0.70 and a beta of 1.35. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $12.51 billion. During the same period last year, the business posted $0.25 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts expect that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Tuesday, July 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, July 30th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s payout ratio is presently 5.14%.

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.