Home Wealth Advisor Delta Air Lines, Inc. (DAL) Shares Bought by Summit Financial Wealth Advisors LLC

Delta Air Lines, Inc. (DAL) Shares Bought by Summit Financial Wealth Advisors LLC

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Summit Financial Wealth Advisors LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 3.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 55,385 shares of the transportation company’s stock after purchasing an additional 1,902 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Delta Air Lines were worth $2,871,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. Huntington National Bank increased its position in shares of Delta Air Lines by 73.8% in the 2nd quarter. Huntington National Bank now owns 2,701 shares of the transportation company’s stock worth $134,000 after purchasing an additional 1,147 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Delta Air Lines in the 2nd quarter worth about $142,000. Summit Trail Advisors LLC increased its position in shares of Delta Air Lines by 4,836.6% in the 1st quarter. Summit Trail Advisors LLC now owns 142,667 shares of the transportation company’s stock worth $143,000 after purchasing an additional 139,777 shares during the last quarter. Baker Ellis Asset Management LLC bought a new stake in shares of Delta Air Lines in the 2nd quarter worth about $163,000. Finally, Daiwa SB Investments Ltd. increased its position in shares of Delta Air Lines by 48.3% in the 2nd quarter. Daiwa SB Investments Ltd. now owns 3,410 shares of the transportation company’s stock worth $169,000 after purchasing an additional 1,110 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

Shares of NYSE DAL traded down $0.01 during midday trading on Monday, hitting $53.38. The company’s stock had a trading volume of 536,478 shares, compared to its average volume of 7,274,430. Delta Air Lines, Inc. has a 1-year low of $48.33 and a 1-year high of $60.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.31 and a current ratio of 0.37. The firm has a market capitalization of $36.61 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.61 and a beta of 1.00.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, October 11th. The transportation company reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.06. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. The business had revenue of $11.95 billion during the quarter, compared to analyst estimates of $11.96 billion. During the same period in the previous year, the business posted $1.57 EPS. Equities analysts forecast that Delta Air Lines, Inc. will post 5.52 earnings per share for the current year.

Several equities research analysts have recently weighed in on DAL shares. Buckingham Research boosted their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Stifel Nicolaus dropped their target price on shares of Delta Air Lines from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, July 13th. Stephens set a $65.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Friday, July 13th. Finally, Citigroup dropped their target price on shares of Delta Air Lines from $65.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $67.99.

In other Delta Air Lines news, Director William H. Easter III sold 3,000 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $58.47, for a total transaction of $175,410.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel A. Carp sold 25,000 shares of the business’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $51.53, for a total transaction of $1,288,250.00. Following the transaction, the director now directly owns 45,123 shares of the company’s stock, valued at $2,325,188.19. The disclosure for this sale can be found here. Insiders sold a total of 80,537 shares of company stock valued at $4,343,476 over the last ninety days. Company insiders own 0.33% of the company’s stock.

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

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

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