Delta Air Lines, Inc. $DAL Position Lowered by Smith Anglin Financial LLC

Smith Anglin Financial LLC decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,117 shares of the transportation company’s stock after selling 287 shares during the period. Smith Anglin Financial LLC’s holdings in Delta Air Lines were worth $1,924,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of DAL. Kingstone Capital Partners Texas LLC bought a new position in shares of Delta Air Lines during the second quarter worth about $386,364,000. Pacer Advisors Inc. lifted its position in shares of Delta Air Lines by 5,224.6% during the first quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company’s stock worth $189,081,000 after purchasing an additional 4,255,262 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Delta Air Lines by 149.9% during the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock worth $246,487,000 after purchasing an additional 3,577,489 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Delta Air Lines by 347.4% during the first quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company’s stock worth $184,909,000 after purchasing an additional 3,286,741 shares during the last quarter. Finally, Ninety One UK Ltd lifted its position in shares of Delta Air Lines by 1,469.9% during the first quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company’s stock worth $144,273,000 after purchasing an additional 3,098,237 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In related news, CEO Edward H. Bastian sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the transaction, the chief executive officer owned 632,823 shares in the company, valued at $35,615,278.44. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alain Bellemare sold 45,423 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the transaction, the executive vice president owned 131,731 shares in the company, valued at $7,318,974.36. This represents a 25.64% decrease in their position. 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. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $57.13 on Monday. The firm’s 50 day moving average is $58.08 and its two-hundred day moving average is $50.89. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The firm has a market capitalization of $37.30 billion, a P/E ratio of 8.28, a PEG ratio of 1.74 and a beta of 1.51. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.01 by $0.09. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The company had revenue of $15.51 billion for the quarter, compared to analyst estimates of $16.16 billion. During the same quarter last year, the business earned $2.36 earnings per share. Delta Air Lines’s revenue was down .1% compared to the same quarter last year. 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 will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.87%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DAL shares. Susquehanna Bancshares raised their target price on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock a “positive” rating in a report on Friday, July 11th. Susquehanna set a $65.00 target price on shares of Delta Air Lines and gave the stock a “positive” rating in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, July 14th. Finally, BNP Paribas Exane raised their target price on shares of Delta Air Lines from $58.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.56.

About Delta Air Lines

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.