Cowa LLC Purchases Shares of 4,136 Delta Air Lines, Inc. $DAL

Cowa LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,136 shares of the transportation company’s stock, valued at approximately $203,000.

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

Insider Buying and Selling

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the transaction, the executive vice president owned 81,109 shares in the company, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value 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. This represents a 46.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of analyst reports. Sanford C. Bernstein lifted their price target on Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft upped their price target 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. Wolfe Research decreased their price objective on shares of Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, November 17th. Finally, TD Cowen upped their price objective on shares of Delta Air Lines from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $71.68.

Delta Air Lines Stock Up 4.5%

Shares of Delta Air Lines stock opened at $58.47 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. 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 cap of $38.18 billion, a P/E ratio of 8.24, a PEG ratio of 1.35 and a beta of 1.52. The company’s fifty day simple moving average is $58.47 and its two-hundred day simple moving average is $55.22.

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

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were given a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. Delta Air Lines’s dividend payout ratio is currently 10.56%.

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.