417,798 Shares in Delta Air Lines, Inc. $DAL Purchased by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 417,798 shares of the transportation company’s stock, valued at approximately $20,547,000. Delta Air Lines makes up approximately 0.8% of BlueCrest Capital Management Ltd’s portfolio, making the stock its 18th largest holding. BlueCrest Capital Management Ltd owned 0.06% of Delta Air Lines at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Signature Resources Capital Management LLC purchased a new stake in shares of Delta Air Lines in the second quarter valued at approximately $25,000. NewSquare Capital LLC lifted its position in Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after buying an additional 371 shares in the last quarter. Activest Wealth Management boosted its stake in Delta Air Lines by 2,280.8% during the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after buying an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in Delta Air Lines in the 1st quarter valued at $31,000. Finally, Kilter Group LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter worth $35,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the sale, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This represents a 46.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the transaction, the executive vice president directly owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. The trade was a 22.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DAL has been the subject of a number of analyst reports. Wolfe Research dropped their price objective on shares of Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, November 17th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a report on Friday, October 10th. Susquehanna raised their price target 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. Bank of America lifted their price target on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, TD Cowen increased their price objective on Delta Air Lines from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $74.08.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $69.82 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The firm has a market cap of $45.59 billion, a P/E ratio of 9.83, a P/E/G ratio of 1.65 and a beta of 1.38. The firm’s 50 day moving average price is $60.94 and its 200-day moving average price is $56.99. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $71.59.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) 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 for the quarter. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed 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 dividend yield of 1.1%. The ex-dividend date was Thursday, October 16th. Delta Air Lines’s payout ratio is currently 10.56%.

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.