L1 Capital Pty Ltd Invests $519,000 in Delta Air Lines, Inc. $DAL

L1 Capital Pty Ltd bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,544 shares of the transportation company’s stock, valued at approximately $519,000. Delta Air Lines comprises approximately 0.0% of L1 Capital Pty Ltd’s portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also bought and sold shares of DAL. Brighton Jones LLC grew its holdings in shares of Delta Air Lines by 33.5% in the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after purchasing an additional 2,302 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Delta Air Lines during the first quarter valued at about $301,000. HighTower Advisors LLC boosted its holdings in shares of Delta Air Lines by 1.4% during the first quarter. HighTower Advisors LLC now owns 247,192 shares of the transportation company’s stock worth $10,778,000 after purchasing an additional 3,447 shares during the period. Resona Asset Management Co. Ltd. grew its stake in shares of Delta Air Lines by 4.1% in the first quarter. Resona Asset Management Co. Ltd. now owns 56,243 shares of the transportation company’s stock worth $2,455,000 after purchasing an additional 2,234 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in Delta Air Lines by 19.7% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 159,637 shares of the transportation company’s stock valued at $6,960,000 after purchasing an additional 26,268 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the transaction, the senior vice president owned 15,816 shares in the company, valued at $968,730. The trade was a 46.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Trading Down 1.0%

Shares of NYSE DAL opened at $69.82 on Monday. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $71.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. The firm has a 50-day moving average of $60.94 and a 200 day moving average of $57.10. The stock has a market cap of $45.59 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 1.63 and a beta of 1.37.

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

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were paid 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 1.1%. Delta Air Lines’s payout ratio is presently 10.56%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DAL. JPMorgan Chase & Co. lifted their price objective 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. BNP Paribas Exane lifted their price target on shares of Delta Air Lines from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, December 8th. Wolfe Research dropped their target price on shares of Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, November 17th. Sanford C. Bernstein lifted their target price on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, Dbs Bank raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines has an average rating of “Buy” and an average target price of $74.08.

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.