Clarius Group LLC Buys Shares of 7,432 Delta Air Lines, Inc. $DAL

Key Points

• Clarius Group LLC purchased 7,432 shares of Delta Air Lines, valued at approximately $366,000, as part of its new stake in the company during the second quarter.
• Insider activity saw CEO Edward H. Bastian selling 35,000 shares for nearly $2 million, resulting in a 5.24% decrease in his ownership of the stock.
• Delta Air Lines declared a quarterly dividend of $0.1875 per share, with an annualized yield of 1.3%, payable on November 6th to shareholders of record by October 16th.

Clarius Group LLC bought a new stake in shares of 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 institutional investor bought 7,432 shares of the transportation company's stock, valued at approximately $366,000.

Other large investors have also recently bought and sold shares of the company. Signature Resources Capital Management LLC purchased a new stake in shares of Delta Air Lines during the second quarter worth about $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 purchased a new stake in shares of Delta Air Lines during the first quarter worth about $33,000. Hara Capital LLC purchased a new stake in shares of Delta Air Lines during the first quarter worth about $35,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Delta Air Lines during the first quarter worth about $40,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Activity

In other Delta Air Lines news, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the transaction, the chief executive officer directly owned 632,823 shares of the company's stock, valued at $35,615,278.44. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter W. Carter sold 17,550 shares of Delta Air Lines 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 directly owned 191,442 shares in the company, valued at approximately $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. Insiders sold a total of 136,473 shares of company stock valued at $7,663,496 over the last quarter. 0.96% of the stock is owned by insiders.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $58.30 on Tuesday. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The firm has a 50 day moving average price of $58.28 and a 200 day moving average price of $51.32. The company has a market cap of $38.07 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 1.53 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly 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 analysts' expectations of $16.16 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. Delta Air Lines's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.36 earnings per share. Sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 16th. Delta Air Lines's payout ratio is 10.87%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wolfe Research lifted their price target on shares of Delta Air Lines from $56.00 to $63.00 in a report on Monday, July 14th. TD Cowen lifted their price target 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. HSBC lifted their price target on shares of Delta Air Lines from $64.00 to $69.20 in a report on Friday, July 11th. Susquehanna Bancshares lifted their price target on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock a "positive" rating in a report on Friday, July 11th. Finally, Jefferies Financial Group set a $70.00 target price on shares of Delta Air Lines and gave the company a "buy" rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating and nineteen have issued a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $67.84.

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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