Armstrong Advisory Group Inc. Boosts Stake in Delta Air Lines, Inc. (NYSE:DAL)

Armstrong Advisory Group Inc. lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 13.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,645 shares of the transportation company’s stock after acquiring an additional 200 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in Delta Air Lines were worth $84,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new stake in Delta Air Lines during the 3rd quarter worth approximately $25,000. Kimelman & Baird LLC bought a new stake in shares of Delta Air Lines in the second quarter worth $31,000. Rise Advisors LLC raised its holdings in Delta Air Lines by 122.5% in the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 452 shares in the last quarter. Unique Wealth Strategies LLC bought a new position in shares of Delta Air Lines during the second quarter worth about $40,000. Finally, Quarry LP acquired a new position in shares of Delta Air Lines in the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DAL. Jefferies Financial Group lifted their price target on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Susquehanna raised their price target on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. Sanford C. Bernstein upped their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday. Finally, TD Cowen cut their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average price target of $65.40.

Delta Air Lines Trading Up 3.6 %

Shares of DAL stock opened at $53.20 on Tuesday. The firm has a market capitalization of $34.33 billion, a P/E ratio of 7.65, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86. The firm’s fifty day simple moving average is $44.50 and its 200 day simple moving average is $46.93. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the previous year, the business posted $2.03 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 6.17 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio is presently 8.63%.

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.