Atria Wealth Solutions Inc. Purchases 7,797 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Atria Wealth Solutions Inc. boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 60.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,769 shares of the transportation company’s stock after purchasing an additional 7,797 shares during the period. Atria Wealth Solutions Inc.’s holdings in Delta Air Lines were worth $836,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DAL. Jennison Associates LLC boosted its holdings in shares of Delta Air Lines by 145.2% in the fourth quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock worth $105,347,000 after buying an additional 1,550,770 shares during the last quarter. Invesco Ltd. increased its stake in shares of Delta Air Lines by 27.0% in the 3rd quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock worth $178,112,000 after purchasing an additional 1,022,957 shares in the last quarter. Morgan Stanley raised its holdings in Delta Air Lines by 8.7% in the 3rd quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock worth $401,048,000 after purchasing an additional 865,746 shares during the period. Los Angeles Capital Management LLC raised its holdings in Delta Air Lines by 541.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 998,156 shares of the transportation company’s stock worth $36,932,000 after purchasing an additional 842,487 shares during the period. Finally, U S Global Investors Inc. lifted its position in Delta Air Lines by 21.1% during the fourth quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock valued at $178,400,000 after purchasing an additional 773,636 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Peter W. Carter sold 50,000 shares of Delta Air Lines stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the completion of the sale, the executive vice president now owns 143,328 shares in the company, valued at approximately $7,166,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Willie Cw Chiang acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price of $49.50 per share, with a total value of $495,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $495,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peter W. Carter sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $50.00, for a total value of $2,500,000.00. Following the sale, the executive vice president now directly owns 143,328 shares in the company, valued at approximately $7,166,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,073 shares of company stock valued at $8,581,207. 0.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Susquehanna raised their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. UBS Group started coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price on the stock. Finally, Morgan Stanley restated an “overweight” rating and issued a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $58.29.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $51.56 on Friday. The firm’s fifty day moving average is $45.79 and its 200 day moving average is $40.60. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $51.65. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The company has a market cap of $33.00 billion, a price-to-earnings ratio of 6.63, a PEG ratio of 0.74 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts forecast that Delta Air Lines, Inc. will post 6.55 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, May 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.78%. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

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.