GW Henssler & Associates Ltd. Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

GW Henssler & Associates Ltd. purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,533 shares of the transportation company’s stock, valued at approximately $230,000.

A number of other hedge funds have also modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines in the third quarter valued at approximately $25,000. Kimelman & Baird LLC bought a new stake in shares of Delta Air Lines in the 2nd quarter valued at $31,000. Strategic Financial Concepts LLC bought a new stake in shares of Delta Air Lines in the 2nd quarter valued at $36,000. Unique Wealth Strategies LLC acquired a new stake in Delta Air Lines during the 2nd quarter worth $40,000. Finally, Quarry LP bought a new position in Delta Air Lines during the second quarter worth about $41,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

DAL opened at $57.34 on Wednesday. The business’s 50-day simple moving average is $47.97 and its 200 day simple moving average is $47.56. Delta Air Lines, Inc. has a 52-week low of $30.76 and a 52-week high of $57.37. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The firm has a market capitalization of $37.00 billion, a PE ratio of 7.96, a PEG ratio of 0.98 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the prior year, the company earned $2.03 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 6.17 earnings per share for the current fiscal 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 paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.05%. Delta Air Lines’s dividend payout ratio is presently 8.33%.

Analysts Set New Price Targets

DAL has been the subject of several recent analyst reports. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Barclays increased their target price on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Susquehanna increased their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $65.40.

Insider Activity

In related news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the completion of the transaction, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,921 shares of company stock valued at $5,080,586. 0.96% of the stock is owned by company insiders.

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.