Panagora Asset Management Inc. Acquires 37,158 Shares of Delta Air Lines, Inc. $DAL

Panagora Asset Management Inc. boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 890,347 shares of the transportation company’s stock after buying an additional 37,158 shares during the period. Panagora Asset Management Inc.’s holdings in Delta Air Lines were worth $43,787,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Signature Resources Capital Management LLC bought a new stake in shares of Delta Air Lines during the second quarter worth about $25,000. NewSquare Capital LLC lifted its position in Delta Air Lines by 184.6% in the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 371 shares in the last quarter. Activest Wealth Management boosted its stake in Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in Delta Air Lines during the 1st quarter valued at about $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in Delta Air Lines during the 1st quarter worth approximately $33,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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 value of $858,112.50. Following the transaction, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. The trade was a 46.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the 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 transaction, the executive vice president directly owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of a number of recent research reports. UBS Group raised their target price on Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, October 10th. Bank of America increased their price target on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. raised their price objective on Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Sanford C. Bernstein lifted their price objective on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, Wolfe Research reduced their target price on shares of Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $71.68.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $64.15 on Tuesday. The business’s fifty day simple moving average is $59.00 and its 200 day simple moving average is $55.91. 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 firm has a market capitalization of $41.88 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52.

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. The firm had revenue of $8.40 billion during the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. As a group, analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

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.