Delta Air Lines, Inc. $DAL Shares Purchased by Ethic Inc.

Ethic Inc. boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 14.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,376 shares of the transportation company’s stock after buying an additional 1,311 shares during the quarter. Ethic Inc.’s holdings in Delta Air Lines were worth $515,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DAL. Signature Resources Capital Management LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter valued at $25,000. Activest Wealth Management grew its position in Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after purchasing an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in Delta Air Lines during the 1st quarter worth $31,000. Zions Bancorporation National Association UT purchased a new stake in shares of Delta Air Lines in the first quarter valued at about $33,000. Finally, Hara Capital LLC purchased a new stake in shares of Delta Air Lines in the first quarter valued at about $35,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Delta Air Lines

In related news, Director Michael P. Huerta sold 2,500 shares of the business’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 transaction, the director owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 39,833 shares of company stock worth $2,463,585 over the last ninety days. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Stock Performance

Shares of DAL opened at $57.93 on Wednesday. The firm’s 50 day moving average is $59.54 and its 200-day moving average is $53.26. The stock has a market capitalization of $37.82 billion, a P/E ratio of 8.16, a P/E/G ratio of 1.38 and a beta of 1.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. 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) last released its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. The business had revenue of $8.40 billion for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. Equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS 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. Shareholders of record on Thursday, October 16th will be paid a $0.1875 dividend. The ex-dividend date is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. Delta Air Lines’s payout ratio is 10.56%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Susquehanna boosted their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Barclays boosted their target price on shares of Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Wolfe Research raised their target price on shares of Delta Air Lines from $63.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Delta Air Lines in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $71.53.

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.