Los Angeles Capital Management LLC Has $3.07 Million Holdings in Delta Air Lines, Inc. $DAL

Los Angeles Capital Management LLC decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 93.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,368 shares of the transportation company’s stock after selling 883,260 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Delta Air Lines were worth $3,067,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. JT Stratford LLC grew its holdings in shares of Delta Air Lines by 1.2% during the first quarter. JT Stratford LLC now owns 16,403 shares of the transportation company’s stock worth $715,000 after buying an additional 200 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Delta Air Lines by 26.9% in the second quarter. First Horizon Advisors Inc. now owns 1,028 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 218 shares during the last quarter. one8zero8 LLC raised its holdings in shares of Delta Air Lines by 1.1% in the first quarter. one8zero8 LLC now owns 21,405 shares of the transportation company’s stock valued at $933,000 after purchasing an additional 225 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of Delta Air Lines by 14.7% in the second quarter. Sound Income Strategies LLC now owns 1,911 shares of the transportation company’s stock worth $94,000 after purchasing an additional 245 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its holdings in Delta Air Lines by 5.0% during the first quarter. Mainstay Capital Management LLC ADV now owns 5,199 shares of the transportation company’s stock worth $227,000 after purchasing an additional 246 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DAL. UBS Group lifted their price target on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Wall Street Zen upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Delta Air Lines in a report on Wednesday, October 8th. Evercore ISI increased their price target on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Finally, Jefferies Financial Group boosted their price target on Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and a consensus price target of $71.53.

Delta Air Lines Price Performance

NYSE:DAL opened at $58.57 on Tuesday. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The firm has a market capitalization of $38.24 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 1.35 and a beta of 1.52. The stock’s 50 day moving average price is $59.03 and its two-hundred day moving average price is $54.44. 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 issued its earnings results on Tuesday, March 15th. The transportation company reported $0.22 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 during the quarter. On average, analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed 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 presently 10.56%.

Insider Transactions at Delta Air Lines

In related news, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the sale, the director owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of the 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 completion of the transaction, the senior vice president directly owned 15,816 shares in the company, valued at approximately $968,730. This represents a 46.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 39,833 shares of company stock worth $2,463,585. 0.88% of the stock is owned by insiders.

About Delta Air Lines

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.