Paradigm Asset Management Co. LLC Takes Position in Delta Air Lines, Inc. $DAL

Paradigm Asset Management Co. LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, Holdings Channel reports. The fund acquired 2,000 shares of the transportation company’s stock, valued at approximately $98,000.

A number of other large investors also recently modified their holdings of DAL. Metis Global Partners LLC grew its holdings in shares of Delta Air Lines by 7.8% during the second quarter. Metis Global Partners LLC now owns 25,401 shares of the transportation company’s stock valued at $1,249,000 after buying an additional 1,834 shares during the last quarter. Quadrant Private Wealth Management LLC raised its stake in shares of Delta Air Lines by 0.6% in the second quarter. Quadrant Private Wealth Management LLC now owns 53,952 shares of the transportation company’s stock worth $2,653,000 after purchasing an additional 336 shares during the last quarter. Rovin Capital UT ADV bought a new position in shares of Delta Air Lines in the second quarter valued at approximately $230,000. First Eagle Investment Management LLC boosted its position in shares of Delta Air Lines by 9.4% during the second quarter. First Eagle Investment Management LLC now owns 16,201 shares of the transportation company’s stock valued at $797,000 after buying an additional 1,396 shares during the last quarter. Finally, Savant Capital LLC grew its stake in shares of Delta Air Lines by 84.0% in the 2nd quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock worth $8,951,000 after acquiring an additional 83,072 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Susquehanna increased their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. Seaport Global Securities lifted their price objective on shares of Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Evercore ISI raised their price target on shares of Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, HSBC increased their price objective on Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $71.53.

Delta Air Lines Stock Up 1.9%

Shares of NYSE:DAL opened at $58.91 on Friday. The firm has a fifty day moving average price of $59.09 and a two-hundred day moving average price of $54.23. The company has a market cap of $38.47 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 1.35 and a beta of 1.52. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98.

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. The business 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%. Analysts anticipate 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. Stockholders of record on Thursday, October 16th were issued 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 of this dividend was Thursday, October 16th. Delta Air Lines’s payout ratio is currently 10.56%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction dated 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 owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their ownership of the stock. The transaction 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 stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the transaction, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,833 shares of company stock valued at $2,463,585 over the last 90 days. 0.88% of the stock is owned by insiders.

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.