Vanguard Personalized Indexing Management LLC Acquires 14,801 Shares of Delta Air Lines, Inc. $DAL

Vanguard Personalized Indexing Management LLC raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 19.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,381 shares of the transportation company’s stock after purchasing an additional 14,801 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Delta Air Lines were worth $4,445,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Concurrent Investment Advisors LLC raised its position in Delta Air Lines by 239.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 43,241 shares of the transportation company’s stock worth $2,127,000 after purchasing an additional 30,487 shares during the last quarter. waypoint wealth counsel bought a new position in shares of Delta Air Lines during the second quarter worth about $427,000. Apollon Wealth Management LLC raised its position in shares of Delta Air Lines by 7.4% during the second quarter. Apollon Wealth Management LLC now owns 13,039 shares of the transportation company’s stock worth $641,000 after acquiring an additional 893 shares during the last quarter. JNBA Financial Advisors raised its holdings in Delta Air Lines by 40.1% during the 2nd quarter. JNBA Financial Advisors now owns 1,475 shares of the transportation company’s stock worth $73,000 after purchasing an additional 422 shares during the last quarter. Finally, Aberdeen Group plc raised its holdings in Delta Air Lines by 3.1% during the 2nd quarter. Aberdeen Group plc now owns 190,377 shares of the transportation company’s stock worth $9,363,000 after purchasing an additional 5,636 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Edward H. Bastian sold 35,000 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total value of $1,969,800.00. Following the completion of the sale, the chief executive officer directly owned 632,823 shares of the company’s stock, valued at $35,615,278.44. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the sale, the director directly owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 4.3%

NYSE DAL opened at $61.23 on Wednesday. The company has a market cap of $39.98 billion, a price-to-earnings ratio of 8.62, a P/E/G ratio of 1.51 and a beta of 1.50. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The business has a 50 day moving average price of $58.94 and a 200-day moving average price of $51.77. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68.

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

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.2%. Delta Air Lines’s payout ratio is presently 10.56%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Seaport Global Securities raised their price target on shares of Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Susquehanna Bancshares lifted their target price on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock a “positive” rating in a research note on Friday, July 11th. Dbs Bank raised Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lifted their target price on Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $70.68.

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.