Assenagon Asset Management S.A. Has $15.81 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Assenagon Asset Management S.A. grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 1,306.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 311,271 shares of the transportation company’s stock after buying an additional 289,143 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Delta Air Lines were worth $15,809,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new stake in Delta Air Lines in the 3rd quarter valued at about $25,000. Kimelman & Baird LLC bought a new stake in shares of Delta Air Lines during the second quarter valued at approximately $31,000. Unique Wealth Strategies LLC acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $40,000. Quarry LP bought a new position in Delta Air Lines in the 2nd quarter worth approximately $41,000. Finally, Richard W. Paul & Associates LLC raised its position in Delta Air Lines by 68.7% in the 2nd quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock worth $42,000 after purchasing an additional 357 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the transaction, the executive vice president now owns 108,990 shares in the company, valued at $5,499,635.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the transaction, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Down 1.2 %

Shares of NYSE DAL opened at $54.12 on Friday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $56.48. The stock has a market cap of $34.92 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 0.98 and a beta of 1.35. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The company’s fifty day moving average is $47.33 and its 200-day moving average is $47.43.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the prior year, the firm posted $2.03 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Delta Air Lines, Inc. will post 6.17 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 1.11%. Delta Air Lines’s payout ratio is 8.63%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DAL. Susquehanna lifted their target price on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. Barclays lifted their price objective on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Jefferies Financial Group upped their target price on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and an average target price of $65.40.

Delta Air Lines Company 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.