Delta Air Lines, Inc. $DAL Shares Sold by Olympiad Research LP

Olympiad Research LP cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 52.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,815 shares of the transportation company’s stock after selling 5,383 shares during the period. Olympiad Research LP’s holdings in Delta Air Lines were worth $237,000 as of its most recent SEC filing.

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

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction that occurred on 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 directly owned 15,816 shares of the company’s stock, valued at approximately $968,730. The trade was a 46.97% decrease in their position. The transaction 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 company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the sale, the director owned 33,245 shares in the company, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 39,833 shares of company stock valued at $2,463,585 over the last three months. 0.88% of the stock is owned by corporate insiders.

Delta Air Lines Price Performance

DAL stock opened at $59.90 on Friday. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The company’s fifty day simple moving average is $58.93 and its 200 day simple moving average is $54.63. The firm has a market cap of $39.11 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 1.35 and a beta of 1.52.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. On average, analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, October 16th. Delta Air Lines’s dividend payout ratio is currently 10.56%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DAL shares. Wolfe Research lifted their price target on shares of Delta Air Lines from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Raymond James Financial lifted their price target on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 10th. Rothschild & Co Redburn lifted their target price on Delta Air Lines from $65.00 to $72.00 in a report on Tuesday, October 14th. HSBC increased their price objective on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Bank of America upped their price objective on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $71.53.

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.