Poinciana Advisors Group LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,812 shares of the transportation company's stock, valued at approximately $384,000.
A number of other institutional investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC bought a new position in shares of Delta Air Lines in the 2nd quarter valued at approximately $386,364,000. Pacer Advisors Inc. grew its position in Delta Air Lines by 5,224.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company's stock valued at $189,081,000 after acquiring an additional 4,255,262 shares during the period. AQR Capital Management LLC boosted its stake in Delta Air Lines by 149.9% in 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 in the last quarter. Ameriprise Financial Inc. boosted its holdings in Delta Air Lines by 347.4% in the first quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company's stock valued at $184,909,000 after acquiring an additional 3,286,741 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in Delta Air Lines by 1,469.9% in the first quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company's stock valued at $144,273,000 after acquiring an additional 3,098,237 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Delta Air Lines
In related news, Director Michael P. Huerta sold 2,500 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the transaction, the director directly owned 33,245 shares of the company's stock, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 45,423 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The stock was 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. This represents a 25.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,473 shares of company stock worth $7,663,496 in the last three months. 0.96% of the stock is owned by corporate insiders.
Delta Air Lines Price Performance
NYSE:DAL opened at $57.73 on Tuesday. The stock has a market cap of $37.69 billion, a PE ratio of 8.37, a P/E/G ratio of 1.74 and a beta of 1.51. The business's 50-day simple moving average is $58.11 and its two-hundred day simple moving average is $50.97. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week 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 (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.09. The business had revenue of $15.51 billion during the quarter, compared to analyst estimates of $16.16 billion. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.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 business earned $2.36 earnings per share. As a group, analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 16th. Delta Air Lines's dividend payout ratio (DPR) is currently 10.87%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on DAL shares. JPMorgan Chase & Co. raised their price target on Delta Air Lines from $72.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Bernstein Bank boosted their price target on Delta Air Lines from $60.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. Barclays upped their target price on Delta Air Lines from $58.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Seaport Global Securities increased their price target on Delta Air Lines from $69.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Finally, UBS Group set a $72.00 target price on Delta Air Lines in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of "Moderate Buy" and a consensus price target of $66.99.
View Our Latest Report on Delta Air Lines
About Delta Air Lines
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Delta Air Lines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delta Air Lines wasn't on the list.
While Delta Air Lines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
