Physician Wealth Advisors Inc. Invests $234,000 in Delta Air Lines, Inc. (NYSE:DAL)

Physician Wealth Advisors Inc. acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 1st quarter, Holdings Channel reports. The firm acquired 5,031 shares of the transportation company’s stock, valued at approximately $234,000.

Several other institutional investors also recently modified their holdings of the company. Capital International Investors increased its stake in shares of Delta Air Lines by 8.8% during the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after purchasing an additional 1,689,053 shares during the last quarter. Capital World Investors boosted its holdings in Delta Air Lines by 0.5% in the 4th quarter. Capital World Investors now owns 14,981,124 shares of the transportation company’s stock valued at $602,691,000 after purchasing an additional 79,818 shares during the period. Morgan Stanley boosted 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 valued at $401,048,000 after purchasing an additional 865,746 shares during the period. Wellington Management Group LLP boosted its holdings in Delta Air Lines by 220.2% in the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after purchasing an additional 5,914,301 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Delta Air Lines by 10.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company’s stock valued at $336,908,000 after purchasing an additional 826,232 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 2.4 %

Shares of Delta Air Lines stock traded down $1.16 during trading hours on Friday, reaching $47.44. The company’s stock had a trading volume of 11,892,869 shares, compared to its average volume of 6,649,761. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The company has a market capitalization of $30.61 billion, a P/E ratio of 6.10, a P/E/G ratio of 0.70 and a beta of 1.37. The stock’s fifty day simple moving average is $50.63 and its two-hundred day simple moving average is $45.17. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 earnings per share. On average, research analysts forecast that Delta Air Lines, Inc. will post 6.61 earnings per share for the current year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, July 30th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. HSBC assumed coverage on shares of Delta Air Lines in a report on Monday, May 13th. They issued a “buy” rating and a $72.80 price objective for the company. Citigroup upped their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Bank of America upped their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, UBS Group assumed coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price target for the company. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $60.25.

Insider Activity

In related news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the sale, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the sale, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the transaction, the executive vice president now owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. Insiders sold a total of 178,919 shares of company stock worth $8,834,653 over the last quarter. Insiders own 0.96% of the company’s stock.

Delta Air Lines 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.