Tredje AP fonden Grows Position in Delta Air Lines, Inc. $DAL

Tredje AP fonden lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 67.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,171 shares of the transportation company’s stock after purchasing an additional 8,525 shares during the quarter. Tredje AP fonden’s holdings in Delta Air Lines were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. JT Stratford LLC grew its holdings 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 worth $715,000 after purchasing an additional 200 shares during the period. one8zero8 LLC grew its holdings in shares of Delta Air Lines by 1.1% during the 1st quarter. one8zero8 LLC now owns 21,405 shares of the transportation company’s stock worth $933,000 after purchasing an additional 225 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Delta Air Lines by 14.7% during the 2nd 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 during the period. Mainstay Capital Management LLC ADV boosted its holdings in Delta Air Lines by 5.0% during the 1st quarter. Mainstay Capital Management LLC ADV now owns 5,199 shares of the transportation company’s stock valued at $227,000 after acquiring an additional 246 shares during the period. Finally, Securian Asset Management Inc. boosted its holdings in Delta Air Lines by 0.7% during the 2nd quarter. Securian Asset Management Inc. now owns 34,137 shares of the transportation company’s stock valued at $1,679,000 after acquiring an additional 248 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

Shares of DAL opened at $58.52 on Tuesday. The stock has a 50-day simple moving average of $59.40 and a 200-day simple moving average of $53.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The stock has a market capitalization of $38.21 billion, a PE ratio of 8.24, a PEG ratio of 1.35 and a beta of 1.50. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98.

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. The business 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%. On average, analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was 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 approximately $968,730. This trade represents a 46.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 81,109 shares in the company, valued at $5,055,523.97. This trade represents a 22.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 39,833 shares of company stock valued at $2,463,585. Corporate insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DAL shares. 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. Dbs Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Evercore ISI raised their target price on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Rothschild & Co Redburn raised their target price on Delta Air Lines from $65.00 to $72.00 in a report on Tuesday, October 14th. Finally, Barclays raised their target price on Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.53.

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.