Vident Advisory LLC Has $1.27 Million Stock Position in Delta Air Lines, Inc. $DAL

Key Points

• Vident Advisory LLC increased its stake in Delta Air Lines by 17.1%, acquiring an additional 4,247 shares, bringing their total to 29,097 shares worth approximately $1.27 million.
• Analysts have raised their price targets for Delta Air Lines, with estimates reaching as high as $70.00, reflecting a generally positive outlook for the company's stock.
• Delta Air Lines declared a new quarterly dividend of $0.1875 per share, increasing from $0.15, which indicates a commitment to returning value to shareholders.

Vident Advisory LLC lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 17.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,097 shares of the transportation company's stock after buying an additional 4,247 shares during the period. Vident Advisory LLC's holdings in Delta Air Lines were worth $1,269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in shares of 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 worth $7,037,000 after buying an additional 9,034 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Delta Air Lines by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company's stock worth $160,900,000 after acquiring an additional 92,772 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Delta Air Lines by 152.3% during the first quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock worth $548,000 after acquiring an additional 7,586 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Delta Air Lines by 8.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company's stock worth $1,670,000 after acquiring an additional 2,973 shares in the last quarter. Finally, Jefferies Financial Group Inc. raised its holdings in shares of Delta Air Lines by 1,169.4% during the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company's stock worth $316,000 after acquiring an additional 6,677 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the company's stock in a transaction on 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 owned 33,245 shares of the company's stock, valued at approximately $2,017,971.50. This represents a 6.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter W. Carter sold 17,550 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total value 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 represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,473 shares of company stock worth $7,663,496 over the last 90 days. Company insiders own 0.88% of the company's stock.

Delta Air Lines Stock Performance

DAL stock traded up $0.57 during trading on Friday, reaching $61.12. 6,394,954 shares of the stock were exchanged, compared to its average volume of 6,651,979. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a market capitalization of $39.91 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 1.91 and a beta of 1.51. The stock has a 50 day simple moving average of $56.26 and a 200-day simple moving average of $50.56. The company has a current ratio of 0.38, a quick ratio of 0.33 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 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 business had revenue of $15.51 billion for the quarter, compared to the consensus estimate of $16.16 billion. During the same period last year, the business earned $2.36 earnings per share. The firm's revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, July 31st were given a dividend of $0.1875 per share. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. Delta Air Lines's dividend payout ratio is currently 10.87%.

Analyst Ratings Changes

DAL has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $66.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Susquehanna Bancshares raised their target price on Delta Air Lines from $51.00 to $65.00 and gave the company a "positive" rating in a report on Friday, July 11th. BNP Paribas Exane raised their target price on Delta Air Lines from $58.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Susquehanna set a $65.00 target price on Delta Air Lines and gave the company a "positive" rating in a report on Friday, July 11th. Finally, The Goldman Sachs Group lifted their price objective on Delta Air Lines from $60.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Two equities research analysts have 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 company presently has a consensus rating of "Buy" and a consensus target price of $66.21.

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.