MTM Investment Management LLC Invests $121,000 in Delta Air Lines, Inc. $DAL

MTM Investment Management LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,466 shares of the transportation company’s stock, valued at approximately $121,000.

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

Insider Activity at Delta Air Lines

In other news, EVP John E. Laughter sold 23,323 shares of the firm’s 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 approximately $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael P. Huerta sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the sale, the director owned 33,245 shares of the company’s stock, valued at $2,017,971.50. The trade was a 6.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 39,833 shares of company stock worth $2,463,585 in the last 90 days. 0.88% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DAL has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price objective on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Sanford C. Bernstein raised their price target on Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $71.53.

Delta Air Lines Stock Down 2.6%

Shares of NYSE DAL opened at $58.35 on Monday. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The firm has a 50-day simple moving average of $58.87 and a two-hundred day simple moving average of $54.92. The company has a market cap of $38.10 billion, a P/E ratio of 8.22, a PEG ratio of 1.35 and a beta of 1.52. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data 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 for the quarter. Research 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. Investors of record on Thursday, October 16th were issued a dividend of $0.1875 per share. The ex-dividend date was 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 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.