Regent Peak Wealth Advisors LLC Sells 13,481 Shares of Delta Air Lines, Inc. $DAL

Regent Peak Wealth Advisors LLC cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 42.8% during the second quarter, Holdings Channel.com reports. The fund owned 18,042 shares of the transportation company’s stock after selling 13,481 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Delta Air Lines were worth $1,690,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after purchasing an additional 2,302 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Delta Air Lines during the first quarter valued at approximately $178,000. Sivia Capital Partners LLC purchased a new position in shares of Delta Air Lines in the second quarter worth $555,000. Marshall Wace LLP boosted its position in shares of Delta Air Lines by 102.2% during the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock worth $385,000 after acquiring an additional 357,825 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Delta Air Lines by 10.6% during the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock valued at $2,859,000 after acquiring an additional 5,564 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Trading Down 0.4%

Shares of NYSE DAL opened at $90.01 on Thursday. The business’s 50 day moving average is $87.05 and its two-hundred day moving average is $75.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines, Inc. has a 1-year low of $55.03 and a 1-year high of $95.68. The stock has a market capitalization of $59.19 billion, a P/E ratio of 14.93, a PEG ratio of 1.14 and a beta of 1.31.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. The business had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.10 earnings per share. As a group, research analysts expect that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, July 9th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is currently 14.26%.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 206,510 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $92.80, for a total transaction of $19,164,128.00. Following the transaction, the chief executive officer owned 1,363,448 shares in the company, valued at $126,527,974.40. The trade was a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Peter W. Carter sold 39,900 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $92.98, for a total transaction of $3,709,902.00. Following the completion of the sale, the president directly owned 424,704 shares in the company, valued at approximately $39,488,977.92. This represents a 8.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 401,436 shares of company stock valued at $36,617,497 over the last 90 days. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Barclays boosted their target price on Delta Air Lines from $85.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. UBS Group raised their price target on Delta Air Lines from $107.00 to $112.00 and gave the company a “buy” rating in a report on Monday, July 13th. Wells Fargo & Company upped their price objective on Delta Air Lines from $75.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Finally, Argus set a $105.00 target price on shares of Delta Air Lines in a report on Tuesday, July 14th. Twenty-three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of “Moderate Buy” and an average target price of $100.40.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.