Invst LLC Has $2.02 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Invst LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,975 shares of the transportation company’s stock after purchasing an additional 1,219 shares during the quarter. Invst LLC’s holdings in Delta Air Lines were worth $2,016,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its stake in Delta Air Lines by 206.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 23,620 shares of the transportation company’s stock valued at $983,000 after purchasing an additional 15,902 shares during the last quarter. TD Asset Management Inc increased its holdings in Delta Air Lines by 1.6% in the 4th quarter. TD Asset Management Inc now owns 192,552 shares of the transportation company’s stock worth $7,746,000 after acquiring an additional 3,059 shares during the last quarter. Stifel Financial Corp raised its position in shares of Delta Air Lines by 2.8% in the fourth quarter. Stifel Financial Corp now owns 532,947 shares of the transportation company’s stock valued at $21,442,000 after purchasing an additional 14,460 shares during the period. TFO Wealth Partners LLC raised its holdings in Delta Air Lines by 20,838.5% during the 4th quarter. TFO Wealth Partners LLC now owns 5,444 shares of the transportation company’s stock valued at $219,000 after acquiring an additional 5,418 shares during the period. Finally, Scotia Capital Inc. raised its stake in shares of Delta Air Lines by 6.6% during the 4th quarter. Scotia Capital Inc. now owns 94,964 shares of the transportation company’s stock valued at $3,820,000 after purchasing an additional 5,909 shares during the period. 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 Willie Cw Chiang acquired 10,000 shares of the stock in a transaction dated Friday, July 12th. The shares were purchased at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $878,000. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Down 0.5 %

Delta Air Lines stock opened at $51.54 on Monday. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The business’s fifty day moving average is $42.79 and its 200 day moving average is $46.55. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The stock has a market capitalization of $33.26 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The company had revenue of $15.41 billion for the quarter, compared to analysts’ expectations of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. Delta Air Lines’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.68 earnings per share. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 6.18 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a $0.15 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 1.16%. Delta Air Lines’s payout ratio is 8.63%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DAL. Jefferies Financial Group lowered their target price on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein dropped their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, July 12th. Finally, TD Cowen lowered their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $61.52.

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.