Arrow Capital Pty Ltd Purchases Shares of 150,852 Delta Air Lines, Inc. $DAL

Arrow Capital Pty Ltd purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 150,852 shares of the transportation company’s stock, valued at approximately $7,419,000. Delta Air Lines accounts for about 5.5% of Arrow Capital Pty Ltd’s investment portfolio, making the stock its 3rd biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Signature Resources Capital Management LLC bought a new position in Delta Air Lines in the second quarter valued at $25,000. NewSquare Capital LLC boosted its holdings in shares of Delta Air Lines by 184.6% in the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after purchasing an additional 371 shares in the last quarter. Activest Wealth Management increased its position in shares of Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of Delta Air Lines during the 1st quarter valued at about $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in Delta Air Lines in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Susquehanna increased their price target on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Evercore ISI lifted their target price on shares of Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. BMO Capital Markets started coverage on shares of Delta Air Lines in a research report on Monday. They set an “outperform” rating and a $80.00 price target for the company. Finally, Bank of America raised their price objective on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $73.40.

Delta Air Lines Trading Up 0.4%

NYSE DAL opened at $67.47 on Wednesday. The firm has a market capitalization of $44.05 billion, a PE ratio of 9.50, a P/E/G ratio of 1.55 and a beta of 1.38. The stock’s 50 day moving average is $60.15 and its 200 day moving average is $56.65. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. 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 posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The company had revenue of $8.40 billion during the quarter. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.1%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.56%.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.96% of the stock is currently owned by company insiders.

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.