10,247 Shares in Delta Air Lines, Inc. $DAL Bought by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs recently acquired 10,247 shares of Delta Air Lines, valued at approximately $496,000, highlighting increased institutional investment interest in the airline sector.
• Three analysts raised their price targets for Delta Air Lines, with the highest target reaching $70.00, indicating a positive outlook for the stock.
• Delta Air Lines announced a quarterly dividend increase to $0.1875 per share, reflecting a positive change in their dividend policy with a yield of 1.3%.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,247 shares of the transportation company's stock, valued at approximately $496,000.

Several other large investors have also modified their holdings of DAL. Continuum Advisory LLC raised its stake in Delta Air Lines by 44.2% during the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after buying an additional 179 shares in the last quarter. JT Stratford LLC increased its holdings in shares of Delta Air Lines by 1.2% in the 1st quarter. JT Stratford LLC now owns 16,403 shares of the transportation company's stock valued at $715,000 after acquiring an additional 200 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Delta Air Lines by 1.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 21,148 shares of the transportation company's stock valued at $1,296,000 after acquiring an additional 222 shares during the last quarter. one8zero8 LLC raised its position in shares of Delta Air Lines by 1.1% during the 1st quarter. one8zero8 LLC now owns 21,405 shares of the transportation company's stock valued at $933,000 after acquiring an additional 225 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV lifted its stake in Delta Air Lines by 5.0% during the first quarter. Mainstay Capital Management LLC ADV now owns 5,199 shares of the transportation company's stock worth $227,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Insider Buying and Selling

In other news, EVP Steven M. Sear sold 18,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $55.96, for a total value of $1,007,280.00. Following the completion of the transaction, the executive vice president directly owned 97,505 shares in the company, valued at $5,456,379.80. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Peter W. Carter sold 17,550 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $57.19, for a total transaction of $1,003,684.50. Following the transaction, the executive vice president owned 191,442 shares in the company, valued at $10,948,567.98. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,473 shares of company stock worth $7,663,496. Company insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wolfe Research boosted their target price on shares of Delta Air Lines from $56.00 to $63.00 in a research note on Monday, July 14th. TD Cowen raised their target price on shares of Delta Air Lines from $55.00 to $66.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Barclays upped their target price on Delta Air Lines from $58.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Citigroup increased their price target on Delta Air Lines from $62.00 to $65.50 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, BNP Paribas Exane boosted their price objective on Delta Air Lines from $58.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $66.93.

Delta Air Lines Stock Down 0.8%

Shares of Delta Air Lines stock opened at $59.94 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The business's fifty day moving average price is $57.35 and its two-hundred day moving average price is $50.47. The company has a market capitalization of $39.14 billion, a P/E ratio of 8.69, a PEG ratio of 1.85 and a beta of 1.51.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.The company had revenue of $15.51 billion for the quarter, compared to analyst estimates of $16.16 billion. During the same period last year, the company earned $2.36 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st were given a dividend of $0.1875 per share. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines's payout ratio is presently 10.87%.

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.

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