Paragon Capital Management Ltd purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,782 shares of the transportation company's stock, valued at approximately $235,000.
Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in Delta Air Lines by 5.9% in the first quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company's stock valued at $7,037,000 after acquiring an additional 9,034 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Delta Air Lines by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company's stock valued at $160,900,000 after acquiring an additional 92,772 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Delta Air Lines by 152.3% in the first quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock valued at $548,000 after acquiring an additional 7,586 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Delta Air Lines by 8.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company's stock valued at $1,670,000 after acquiring an additional 2,973 shares during the period. Finally, Jefferies Financial Group Inc. lifted its holdings in Delta Air Lines by 1,169.4% in the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company's stock valued at $316,000 after acquiring an additional 6,677 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.
Delta Air Lines Trading Up 0.7%
Shares of DAL opened at $57.13 on Friday. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The stock has a market cap of $37.30 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.73 and a beta of 1.51. The firm's fifty day moving average is $58.08 and its two-hundred day moving average is $50.80. 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 (NYSE:DAL - Get Free Report) last released its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.09. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The business had revenue of $15.51 billion during the quarter, compared to analyst estimates of $16.16 billion. During the same quarter in the prior year, the firm earned $2.36 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.
Delta Air Lines Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines's dividend payout ratio is presently 10.87%.
Analyst Ratings Changes
DAL has been the subject of a number of analyst reports. 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 report on Friday, July 11th. JPMorgan Chase & Co. upped their target price on Delta Air Lines from $72.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Barclays upped their target price on Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Citigroup upped their target price on Delta Air Lines from $62.00 to $65.50 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Morgan Stanley upped their target price on Delta Air Lines from $88.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.56.
View Our Latest Report on Delta Air Lines
Insider Buying and Selling at Delta Air Lines
In other news, Director Michael P. Huerta sold 2,500 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the sale, the director owned 33,245 shares of the company's stock, valued at $2,017,971.50. This represents a 6.99% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $57.19, for a total value of $1,003,684.50. Following the completion of the sale, the executive vice president owned 191,442 shares of the company's stock, valued at approximately $10,948,567.98. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,473 shares of company stock valued at $7,663,496. 0.88% of the stock is owned by company insiders.
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.
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