9,000 Shares in Delta Air Lines, Inc. $DAL Acquired by LTS One Management LP

LTS One Management LP bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the first quarter, Holdings Channel.com reports. The fund bought 9,000 shares of the transportation company’s stock, valued at approximately $392,000. Delta Air Lines comprises about 0.1% of LTS One Management LP’s portfolio, making the stock its 20th biggest holding.

Several other institutional investors have also added to or reduced their stakes in DAL. Brighton Jones LLC boosted its stake in Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 2,302 shares during the period. Integrated Wealth Concepts LLC boosted its stake in Delta Air Lines by 12.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 16,299 shares of the transportation company’s stock valued at $986,000 after purchasing an additional 1,781 shares during the period. Northern Trust Corp boosted its stake in Delta Air Lines by 9.5% in the 4th quarter. Northern Trust Corp now owns 5,182,789 shares of the transportation company’s stock valued at $313,559,000 after purchasing an additional 447,560 shares during the period. Utah Retirement Systems boosted its stake in Delta Air Lines by 0.4% in the 4th quarter. Utah Retirement Systems now owns 52,725 shares of the transportation company’s stock valued at $3,190,000 after purchasing an additional 200 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in Delta Air Lines in the 4th quarter valued at $70,000. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of recent analyst reports. Bernstein Bank upped their target price on Delta Air Lines from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. BNP Paribas Exane upped their target price on Delta Air Lines from $58.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 11th. JPMorgan Chase & Co. upped their target price on Delta Air Lines from $66.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Wolfe Research upped their target price on Delta Air Lines from $56.00 to $63.00 in a research report on Monday, July 14th. Finally, Raymond James Financial upped their target price on Delta Air Lines from $60.00 to $68.00 in a research report on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average price target of $66.21.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 35,000 shares of Delta Air Lines stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the sale, the chief executive officer directly owned 632,823 shares in the company, valued at approximately $35,615,278.44. This trade represents a 5.24% 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, EVP Alain Bellemare sold 45,423 shares of Delta Air Lines stock in a transaction on Friday, July 11th. The stock was sold at an average price of $55.56, for a total value of $2,523,701.88. Following the sale, the executive vice president owned 131,731 shares in the company, valued at $7,318,974.36. This trade represents a 25.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,473 shares of company stock valued at $7,663,496. 0.88% of the stock is currently owned by company insiders.

Delta Air Lines Trading Up 0.2%

NYSE DAL opened at $61.25 on Thursday. The business has a 50 day simple moving average of $54.46 and a 200 day simple moving average of $50.85. The stock has a market capitalization of $39.99 billion, a P/E ratio of 8.88, a P/E/G ratio of 1.91 and a beta of 1.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.09. The business had revenue of $15,507,000 billion for the quarter, compared to analyst estimates of $16.16 billion. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.36 earnings per share. Research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st were issued a $0.1875 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.15. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, July 31st. Delta Air Lines’s dividend payout ratio is 10.87%.

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.