B. Riley Wealth Advisors Inc. Acquires 1,720 Shares of Delta Air Lines, Inc. (NYSE:DAL)

B. Riley Wealth Advisors Inc. raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 8.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,959 shares of the transportation company’s stock after purchasing an additional 1,720 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Delta Air Lines were worth $1,089,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Inspire Trust Co. N.A. grew its holdings in shares of Delta Air Lines by 55.1% during the third quarter. Inspire Trust Co. N.A. now owns 53,480 shares of the transportation company’s stock worth $2,716,000 after buying an additional 19,000 shares in the last quarter. Tidal Investments LLC lifted its holdings in Delta Air Lines by 31.5% during the 3rd quarter. Tidal Investments LLC now owns 82,635 shares of the transportation company’s stock valued at $4,197,000 after purchasing an additional 19,815 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Delta Air Lines by 7.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,111 shares of the transportation company’s stock valued at $463,000 after acquiring an additional 667 shares during the period. World Investment Advisors LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at $301,000. Finally, Invst LLC grew its stake in shares of Delta Air Lines by 2.2% in the third quarter. Invst LLC now owns 43,929 shares of the transportation company’s stock valued at $2,231,000 after acquiring an additional 954 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DAL has been the subject of several analyst reports. Susquehanna lifted their price objective on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. raised their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Barclays increased their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group boosted their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average target price of $75.83.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction on 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP William C. Carroll sold 21,530 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,240 shares of company stock valued at $8,044,893 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $60.80 on Wednesday. The stock has a market capitalization of $39.23 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. Delta Air Lines, Inc. has a 12 month low of $36.34 and a 12 month high of $67.50. The business has a 50-day moving average of $59.97 and a 200 day moving average of $50.45.

Delta Air Lines (NYSE:DAL) last announced 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). The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.03 earnings per share. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.99%. Delta Air Lines’s dividend payout ratio is presently 8.33%.

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.