Silverlake Wealth Management LLC Sells 493 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Silverlake Wealth Management LLC decreased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 5.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,156 shares of the transportation company’s stock after selling 493 shares during the period. Silverlake Wealth Management LLC’s holdings in Delta Air Lines were worth $414,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAL. Voisard Asset Management Group Inc. bought a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $103,000. V Square Quantitative Management LLC increased its position in Delta Air Lines by 11.2% in the fourth quarter. V Square Quantitative Management LLC now owns 6,547 shares of the transportation company’s stock worth $263,000 after buying an additional 662 shares during the last quarter. American International Group Inc. raised its stake in shares of Delta Air Lines by 1.6% in the fourth quarter. American International Group Inc. now owns 181,107 shares of the transportation company’s stock valued at $7,286,000 after buying an additional 2,783 shares during the period. Scarborough Advisors LLC purchased a new position in shares of Delta Air Lines during the 4th quarter valued at $43,000. Finally, CCM Investment Advisers LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth $13,557,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DAL. Barclays boosted their price objective on Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen dropped their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Susquehanna lifted their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group lifted their price target on Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $65.40.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $51.33 on Friday. The company’s fifty day moving average price is $44.19 and its 200-day moving average price is $46.90. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The firm has a market capitalization of $33.13 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.98 and a beta of 1.35. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86.

Delta Air Lines (NYSE:DAL) last released its 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 net margin of 7.46% and a return on equity of 36.02%. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same period in the prior year, the company earned $2.03 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 6.17 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio is currently 8.63%.

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 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.