MGO One Seven LLC Raises Holdings in Delta Air Lines, Inc. $DAL

Key Points

• MGO One Seven LLC increased its stake in Delta Air Lines by 75.4%, owning a total of 12,920 shares valued at approximately $635,000.
• Wall Street analysts are optimistic about Delta Air Lines, with several firms raising their price targets, including Barclays, which set a new target of $65.00.
• The company declared a quarterly dividend of $0.1875 per share, payable on November 6th, representing a 1.3% dividend yield.

MGO One Seven LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 75.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,920 shares of the transportation company's stock after purchasing an additional 5,556 shares during the period. MGO One Seven LLC's holdings in Delta Air Lines were worth $635,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DAL. Signature Resources Capital Management LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new stake in Delta Air Lines during the 1st quarter worth about $31,000. Zions Bancorporation National Association UT purchased a new stake in Delta Air Lines during the 1st quarter worth about $33,000. Hara Capital LLC purchased a new stake in Delta Air Lines during the 1st quarter worth about $35,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Delta Air Lines during the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of recent research reports. Barclays increased their price objective on Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Sanford C. Bernstein upped their target price on Delta Air Lines from $71.00 to $74.00 and gave the stock an "outperform" rating in a research note on Friday, October 10th. Bank of America upped their target price on Delta Air Lines from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Wednesday. Rothschild & Co Redburn upped their target price on Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday. Finally, Wall Street Zen upgraded Delta Air Lines from a "hold" rating to a "buy" rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to data from MarketBeat, Delta Air Lines has an average rating of "Buy" and a consensus price target of $71.53.

Insider Activity

In other news, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director directly owned 33,245 shares in the company, valued at approximately $2,017,971.50. This represents a 6.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William C. Carroll sold 14,010 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the sale, the senior vice president owned 15,816 shares of the company's stock, valued at $968,730. This represents a 46.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,510 shares of company stock worth $2,979,663. 0.88% of the stock is currently owned by insiders.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $59.70 on Friday. 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 firm has a market capitalization of $38.98 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.38 and a beta of 1.50. The business's 50-day moving average price is $59.35 and its 200-day moving average price is $52.07. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The firm 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%. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. Delta Air Lines's dividend payout ratio is 10.56%.

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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