Nisa Investment Advisors LLC Buys 25,177 Shares of Delta Air Lines, Inc. $DAL

Nisa Investment Advisors LLC boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 23.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,054 shares of the transportation company’s stock after purchasing an additional 25,177 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Delta Air Lines were worth $6,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. JT Stratford LLC raised its position in shares of Delta Air Lines by 1.2% during the 1st quarter. JT Stratford LLC now owns 16,403 shares of the transportation company’s stock valued at $715,000 after buying an additional 200 shares in the last quarter. one8zero8 LLC raised its position in Delta Air Lines by 1.1% during 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 in the last quarter. Sound Income Strategies LLC raised its position in Delta Air Lines by 14.7% during the second quarter. Sound Income Strategies LLC now owns 1,911 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 245 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its stake 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. Finally, Securian Asset Management Inc. boosted its holdings in shares of Delta Air Lines by 0.7% in the 2nd quarter. Securian Asset Management Inc. now owns 34,137 shares of the transportation company’s stock worth $1,679,000 after purchasing an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the transaction, the director directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction on Tuesday, October 21st. The stock was 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 owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,833 shares of company stock worth $2,463,585 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays raised their price objective on Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, July 11th. HSBC lifted their price target on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research note on Friday, October 10th. Raymond James Financial upped their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “strong-buy” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft increased 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. Finally, The Goldman Sachs Group boosted their price target on shares of Delta Air Lines from $60.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $71.53.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $57.93 on Wednesday. The company’s fifty day simple moving average is $59.54 and its two-hundred day simple moving average is $53.26. 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 cap of $37.82 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.50. 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 quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The firm had revenue of $8.40 billion during the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. As a group, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. Delta Air Lines’s dividend payout ratio (DPR) is presently 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.