Aviva PLC Boosts Position in Delta Air Lines, Inc. $DAL

Aviva PLC raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 6.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 169,997 shares of the transportation company’s stock after purchasing an additional 10,525 shares during the period. Aviva PLC’s holdings in Delta Air Lines were worth $8,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new position in Delta Air Lines during the 2nd quarter valued at about $386,364,000. Pacer Advisors Inc. grew its position in shares of Delta Air Lines by 5,224.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company’s stock valued at $189,081,000 after purchasing an additional 4,255,262 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Delta Air Lines by 149.9% during the 1st quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock worth $246,487,000 after purchasing an additional 3,577,489 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Delta Air Lines by 347.4% during the 1st quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company’s stock worth $184,909,000 after purchasing an additional 3,286,741 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Delta Air Lines during the 1st quarter worth approximately $122,849,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the subject of several recent research reports. Evercore ISI raised their price target on Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Delta Air Lines in a research note on Wednesday, October 8th. TD Cowen increased their price target on shares of Delta Air Lines from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Raymond James Financial lifted their price objective on Delta Air Lines from $68.00 to $70.00 and gave the company a “strong-buy” rating in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $71.53.

Delta Air Lines Stock Up 4.6%

Shares of Delta Air Lines stock opened at $60.42 on Thursday. 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 stock has a market capitalization of $39.45 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 1.35 and a beta of 1.52. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The business’s 50 day simple moving average is $58.94 and its 200-day simple moving average is $54.59.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. The company 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%. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.2%. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Insider Transactions at Delta Air Lines

In related news, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the transaction, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. The trade was a 46.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the sale, the executive vice president owned 81,109 shares in the company, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 39,833 shares of company stock valued at $2,463,585. Corporate insiders own 0.88% of the company’s stock.

Delta Air Lines 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.