Delta Air Lines, Inc. $DAL Shares Bought by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 45,463.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,012 shares of the transportation company’s stock after acquiring an additional 5,001 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Delta Air Lines were worth $246,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new position in Delta Air Lines in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in Delta Air Lines in the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT acquired a new position in Delta Air Lines in the first quarter valued at approximately $33,000. Hara Capital LLC acquired a new position in Delta Air Lines in the first quarter valued at approximately $35,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Delta Air Lines in the first quarter valued at approximately $40,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DAL has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on Delta Air Lines from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Susquehanna lifted their price target on Delta Air Lines from $65.00 to $68.00 and gave the company a “positive” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. lifted their price target 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. TD Cowen lifted their price target on Delta Air Lines from $55.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Barclays lifted their price target on Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating and nineteen have given a Buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and a consensus price target of $67.84.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Steven M. Sear sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the transaction, the executive vice president directly owned 97,505 shares in the company, valued at $5,456,379.80. The trade was a 15.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Peter W. Carter sold 17,550 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total value of $1,003,684.50. Following the transaction, the executive vice president owned 191,442 shares in the company, valued at approximately $10,948,567.98. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,473 shares of company stock worth $7,663,496. 0.88% of the stock is owned by company insiders.

Delta Air Lines Price Performance

NYSE:DAL opened at $57.13 on Thursday. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The stock has a 50 day moving average of $58.40 and a two-hundred day moving average of $51.40. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The firm has a market cap of $37.30 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.The company had revenue of $15.51 billion during the quarter, compared to analyst estimates of $16.16 billion. During the same period in the previous year, the business earned $2.36 EPS. Delta Air Lines’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s payout ratio is 10.87%.

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.