Board of the Pension Protection Fund Takes $1.14 Million Position in Delta Air Lines, Inc. $DAL

Board of the Pension Protection Fund bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,100 shares of the transportation company’s stock, valued at approximately $1,141,000.

Several other large investors have also recently bought and sold shares of DAL. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Delta Air Lines by 0.6% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 91,093 shares of the transportation company’s stock worth $5,170,000 after purchasing an additional 587 shares during the period. Dynamic Advisor Solutions LLC bought a new position in Delta Air Lines in the 3rd quarter worth about $245,000. Hedges Asset Management LLC purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $210,000. Asset Allocation Strategies LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $211,000. Finally, Kwmg LLC grew its holdings in shares of Delta Air Lines by 2.3% during the third quarter. Kwmg LLC now owns 121,821 shares of the transportation company’s stock worth $6,913,000 after purchasing an additional 2,734 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $71.08 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $46.41 billion, a PE ratio of 10.01, a PEG ratio of 1.53 and a beta of 1.38. The company’s fifty day moving average is $62.23 and its 200 day moving average is $57.75. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $72.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data 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 firm had revenue of $8.40 billion for the quarter. Research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were given a $0.1875 dividend. The ex-dividend date was Thursday, October 16th. This represents a $0.75 annualized dividend and a yield of 1.1%. Delta Air Lines’s payout ratio is presently 10.56%.

Analyst Ratings Changes

A number of brokerages recently weighed in on DAL. UBS Group assumed coverage on shares of Delta Air Lines in a research note on Friday, December 12th. They issued a “buy” rating and a $90.00 target price on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and set a $80.00 price objective on shares of Delta Air Lines in a report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, October 10th. HSBC increased their target price on Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Delta Air Lines in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average target price of $75.07.

Insider Buying and Selling

In other news, 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 value of $1,453,722.59. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the company’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 sale, the senior vice president owned 15,816 shares of the company’s stock, valued at $968,730. This represents a 46.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.88% of the company’s stock.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.