Revolve Wealth Partners LLC Makes New $1.38 Million Investment in Delta Air Lines, Inc. $DAL

Revolve Wealth Partners LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,721 shares of the transportation company’s stock, valued at approximately $1,379,000.

A number of other hedge funds have also made changes to their positions in DAL. Elevation Wealth Partners LLC raised its stake in shares of Delta Air Lines by 195.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 237 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in Delta Air Lines during the fourth quarter worth approximately $31,000. Camelot Portfolios LLC acquired a new position in Delta Air Lines during the fourth quarter valued at approximately $34,000. Cornerstone Planning Group LLC grew its holdings in Delta Air Lines by 451.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 429 shares during the last quarter. Finally, Atlas Wealth LLC bought a new position in shares of Delta Air Lines in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Raymond James Financial downgraded shares of Delta Air Lines from a “strong-buy” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $104.00 in a report on Monday, July 6th. Morgan Stanley lifted their target price on shares of Delta Air Lines from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. UBS Group boosted their target price on shares of Delta Air Lines from $107.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. The Goldman Sachs Group restated a “buy” rating on shares of Delta Air Lines in a report on Monday, August 3rd. Finally, Jefferies Financial Group raised their price target on Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Twenty-three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.40.

Delta Air Lines Trading Down 2.6%

Delta Air Lines stock opened at $88.99 on Tuesday. The business has a 50 day moving average price of $86.62 and a two-hundred day moving average price of $75.07. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. Delta Air Lines, Inc. has a 12 month low of $53.12 and a 12 month high of $95.68. The stock has a market cap of $58.52 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31.

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

Delta Air Lines Increases Dividend

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

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 3,100 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $94.11, for a total value of $291,741.00. Following the sale, the director owned 32,525 shares of the company’s stock, valued at $3,060,927.75. The trade was a 8.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alain Bellemare sold 35,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $92.72, for a total transaction of $3,245,200.00. Following the completion of the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at approximately $8,810,718. This represents a 26.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 401,436 shares of company stock worth $36,617,497. 0.80% of the stock is currently owned by company insiders.

About Delta Air Lines

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.