Cwm LLC Acquires 95,541 Shares of Delta Air Lines, Inc. $DAL

Key Points

• Cwm LLC increased its holdings in Delta Air Lines by 123.1%, acquiring 95,541 shares, bringing its total shareholding to 173,157 shares valued at $8,516,000.
• Multiple institutional investors, including Kingstone Capital Partners and Pacer Advisors, have significantly increased their positions in Delta Air Lines, reflecting strong confidence in the company's future.
• Wall Street analysts have boosted their price targets for Delta Air Lines, with projections ranging from $65.00 to $74.00, indicating a consensus rating of "Buy."

Cwm LLC lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 123.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,157 shares of the transportation company's stock after purchasing an additional 95,541 shares during the period. Cwm LLC's holdings in Delta Air Lines were worth $8,516,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DAL. Kingstone Capital Partners Texas LLC bought a new position in shares of Delta Air Lines in the second quarter worth about $386,364,000. Pacer Advisors Inc. increased its stake in shares of 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 worth $189,081,000 after purchasing an additional 4,255,262 shares during the period. AQR Capital Management LLC increased its stake in shares of 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 during the period. Ameriprise Financial Inc. increased its stake in shares of 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 worth $184,909,000 after purchasing an additional 3,286,741 shares during the period. Finally, Ninety One UK Ltd increased its stake in shares of 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 worth $144,273,000 after purchasing an additional 3,098,237 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DAL. Susquehanna Bancshares boosted their price target on Delta Air Lines from $51.00 to $65.00 and gave the company a "positive" rating in a research note on Friday, July 11th. Wolfe Research boosted their price target on Delta Air Lines from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, October 8th. Sanford C. Bernstein boosted their price target on Delta Air Lines from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Friday. The Goldman Sachs Group boosted their price target on Delta Air Lines from $60.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Jefferies Financial Group boosted their price target on Delta Air Lines from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $70.68.

Delta Air Lines Stock Up 4.3%

NYSE DAL opened at $61.23 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The stock's 50 day moving average is $58.94 and its two-hundred day moving average is $51.77. The company has a market capitalization of $39.98 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.51 and a beta of 1.50. 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 released its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. The company had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. Equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, October 16th. Delta Air Lines's payout ratio is presently 10.56%.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 35,000 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael P. Huerta sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

About Delta Air Lines

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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