6,130 Shares in Delta Air Lines, Inc. $DAL Bought by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors LLC has acquired 6,130 shares of Delta Air Lines, valued at approximately $301,000, highlighting increased institutional interest in the company.
• Multiple analysts have raised their price targets for Delta Air Lines, with Barclays and Deutsche Bank recently setting targets at $65.00 and $63.00 respectively.
• Delta Air Lines announced a quarterly dividend of $0.1875 per share, contributing to an annualized yield of 1.3%, effective for shareholders on record by October 16th.

Pure Financial Advisors LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,130 shares of the transportation company's stock, valued at approximately $301,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Delta Air Lines by 0.7% during the first quarter. Vanguard Group Inc. now owns 72,924,506 shares of the transportation company's stock worth $3,179,508,000 after purchasing an additional 514,264 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Delta Air Lines during the second quarter worth about $386,364,000. Invesco Ltd. lifted its holdings in shares of Delta Air Lines by 30.2% during the first quarter. Invesco Ltd. now owns 7,242,852 shares of the transportation company's stock worth $315,788,000 after purchasing an additional 1,681,464 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Delta Air Lines by 149.9% during the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company's stock worth $246,487,000 after purchasing an additional 3,577,489 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Delta Air Lines by 66.9% during the first quarter. Bank of New York Mellon Corp now owns 5,915,545 shares of the transportation company's stock worth $257,918,000 after purchasing an additional 2,370,795 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Delta Air Lines news, EVP Peter W. Carter sold 17,550 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total transaction of $1,003,684.50. Following the completion of the transaction, the executive vice president owned 191,442 shares of the company's stock, valued at $10,948,567.98. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alain Bellemare sold 45,423 shares of the stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $55.56, for a total value of $2,523,701.88. Following the transaction, the executive vice president directly owned 131,731 shares of the company's stock, valued at $7,318,974.36. The trade was a 25.64% 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 worth $7,663,496 in the last ninety days. 0.88% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays lifted their target price on Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Weiss Ratings reissued a "buy (b-)" rating on shares of Delta Air Lines in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $53.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Dbs Bank raised Delta Air Lines from a "hold" rating to a "buy" rating in a report on Friday. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Delta Air Lines in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and nineteen have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $67.84.

Delta Air Lines Stock Performance

NYSE DAL opened at $57.32 on Friday. The stock has a market capitalization of $37.42 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.53 and a beta of 1.50. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average of $58.23 and a 200 day moving average of $51.19.

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

Delta Air Lines Announces Dividend

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

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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