5,138 Shares in Delta Air Lines, Inc. (NYSE:DAL) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise has made a new investment in Delta Air Lines, acquiring 5,138 shares valued at approximately $224,000.
• Delta reported quarterly earnings of $2.10 per share, exceeding estimates, despite a slight revenue decline compared to the previous year.
• The company announced an increase in its quarterly dividend from $0.15 to $0.1875, reflecting positive performance and shareholder value enhancement.

Banque Cantonale Vaudoise acquired a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,138 shares of the transportation company's stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock valued at $32,000 after purchasing an additional 431 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of Delta Air Lines by 44.2% in 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. Hara Capital LLC acquired a new stake in shares of Delta Air Lines in the first quarter valued at $35,000. Bernard Wealth Management Corp. bought a new position in Delta Air Lines in the fourth quarter valued at about $51,000. Finally, Fourth Dimension Wealth LLC bought a new position in Delta Air Lines in the fourth quarter valued at about $54,000. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DAL has been the topic of several recent analyst reports. BNP Paribas Exane lifted their price objective on Delta Air Lines from $58.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Wolfe Research lifted their target price on Delta Air Lines from $56.00 to $63.00 in a research report on Monday, July 14th. Raymond James Financial boosted their price target on Delta Air Lines from $60.00 to $68.00 in a research report on Friday, July 11th. TD Cowen boosted their target price on Delta Air Lines from $55.00 to $66.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Bernstein Bank boosted their price target on Delta Air Lines from $60.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $66.21.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Steven M. Sear sold 18,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the sale, the executive vice president directly owned 97,505 shares of the company's stock, valued at $5,456,379.80. The trade was a 15.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter W. Carter sold 17,550 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 191,442 shares in the company, valued at $10,948,567.98. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 133,973 shares of company stock valued at $7,511,746. 0.88% of the stock is owned by corporate insiders.

Delta Air Lines Stock Performance

Shares of DAL stock traded down $0.62 on Thursday, reaching $53.50. The stock had a trading volume of 3,216,389 shares, compared to its average volume of 10,906,944. The stock has a market cap of $34.93 billion, a P/E ratio of 7.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.56. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. The company has a 50 day simple moving average of $51.56 and a 200 day simple moving average of $51.78.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data 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. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%. The firm had revenue of $15,507,000 billion during the quarter, compared to analyst estimates of $16.16 billion. During the same quarter in the prior year, the company posted $2.36 earnings per share. The business's quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, July 31st. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 annualized dividend and a yield of 1.4%. Delta Air Lines's dividend payout ratio is 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.