4,839 Shares in Delta Air Lines, Inc. $DAL Bought by Impact Capital Partners LLC

Key Points

• Impact Capital Partners LLC purchased 4,839 shares of Delta Air Lines, valued at approximately $238,000, as part of a new investment position during the second quarter.
• Delta's EVP Alain Bellemare recently sold 45,423 shares in a significant transaction worth over $2.5 million, which decreased his ownership by 25.64%.
• The company announced a quarterly dividend of $0.1875 per share, with an upcoming payment date on November 6th, representing an annualized yield of 1.3%.

Impact Capital Partners LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 4,839 shares of the transportation company's stock, valued at approximately $238,000.

Other large investors also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new position in Delta Air Lines in the 2nd quarter worth $25,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Delta Air Lines during the first quarter worth about $31,000. Zions Bancorporation National Association UT bought a new stake in shares of Delta Air Lines in the first quarter worth about $33,000. Hara Capital LLC bought a new stake in shares of Delta Air Lines in the first quarter worth about $35,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Delta Air Lines in the first quarter worth about $40,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Alain Bellemare sold 45,423 shares of the business's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the sale, the executive vice president owned 131,731 shares of the company's stock, valued at $7,318,974.36. The trade was a 25.64% 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, Director Michael P. Huerta sold 2,500 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the sale, the director directly owned 33,245 shares in the company, valued at $2,017,971.50. The trade was a 6.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,473 shares of company stock valued at $7,663,496 over the last three months. 0.88% of the stock is currently owned by corporate insiders.

Delta Air Lines Trading Down 1.1%

Shares of DAL opened at $56.11 on Thursday. The firm's 50-day moving average price is $58.13 and its 200-day moving average price is $51.04. The firm has a market capitalization of $36.64 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.73 and a beta of 1.50. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98.

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

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 annualized dividend and a yield of 1.3%. Delta Air Lines's payout ratio is presently 10.87%.

Analyst Ratings Changes

DAL has been the topic of several recent analyst reports. Barclays raised their target price on Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. HSBC raised their target price on Delta Air Lines from $64.00 to $69.20 in a research note on Friday, July 11th. Morgan Stanley raised their target price on Delta Air Lines from $88.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Seaport Global Securities raised their target price on Delta Air Lines from $69.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, September 11th. Finally, The Goldman Sachs Group raised their target price on Delta Air Lines from $60.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $67.69.

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.

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