Arrowpoint Investment Partners Singapore Pte. Ltd. Grows Holdings in Delta Air Lines, Inc. $DAL

Arrowpoint Investment Partners Singapore Pte. Ltd. lifted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 164.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,479 shares of the transportation company’s stock after acquiring an additional 45,676 shares during the period. Delta Air Lines accounts for approximately 3.2% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s holdings, making the stock its 8th biggest position. Arrowpoint Investment Partners Singapore Pte. Ltd.’s holdings in Delta Air Lines were worth $3,610,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DAL. Brighton Jones LLC boosted its position in shares of Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 2,302 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Delta Air Lines by 8.8% in the first quarter. Avantax Advisory Services Inc. now owns 30,961 shares of the transportation company’s stock worth $1,350,000 after buying an additional 2,517 shares during the period. Assetmark Inc. increased its position in shares of Delta Air Lines by 694.3% in the first quarter. Assetmark Inc. now owns 29,976 shares of the transportation company’s stock worth $1,307,000 after acquiring an additional 26,202 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Delta Air Lines by 8.1% during the first quarter. TD Asset Management Inc now owns 547,991 shares of the transportation company’s stock valued at $23,892,000 after acquiring an additional 41,204 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Delta Air Lines by 55.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,318 shares of the transportation company’s stock valued at $2,237,000 after acquiring an additional 18,297 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Raymond James Financial raised their target price on Delta Air Lines from $68.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 10th. Wall Street Zen raised Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Wolfe Research reduced their price objective on Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, November 17th. Finally, Evercore ISI lifted their target price on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $71.68.

Delta Air Lines Stock Performance

DAL stock opened at $64.29 on Thursday. The firm has a 50 day moving average of $58.71 and a two-hundred day moving average of $55.61. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The company has a market capitalization of $41.98 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 1.35 and a beta of 1.52. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $8.40 billion during the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, October 16th. Delta Air Lines’s payout ratio is 10.56%.

Insider Buying and Selling

In other news, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the sale, the executive vice president directly owned 81,109 shares in the company, valued at approximately $5,055,523.97. The trade was a 22.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the firm’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 transaction, the senior vice president owned 15,816 shares in the company, valued at $968,730. The trade was a 46.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is owned by corporate insiders.

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.