SWP Investment Management LLC Buys 10,630 Shares of Delta Air Lines, Inc. $DAL

SWP Investment Management LLC grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 45.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,930 shares of the transportation company’s stock after buying an additional 10,630 shares during the period. Delta Air Lines makes up about 2.2% of SWP Investment Management LLC’s holdings, making the stock its 20th biggest holding. SWP Investment Management LLC’s holdings in Delta Air Lines were worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in Delta Air Lines by 22.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,173 shares of the transportation company’s stock valued at $7,438,000 after acquiring an additional 19,829 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of Delta Air Lines by 53.2% in the 4th quarter. iA Global Asset Management Inc. now owns 92,142 shares of the transportation company’s stock worth $6,395,000 after acquiring an additional 32,014 shares during the last quarter. Tredje AP fonden lifted its holdings in shares of Delta Air Lines by 1,563.4% in the 4th quarter. Tredje AP fonden now owns 466,797 shares of the transportation company’s stock worth $32,396,000 after acquiring an additional 438,735 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Delta Air Lines by 154.8% in the 4th quarter. Teacher Retirement System of Texas now owns 192,384 shares of the transportation company’s stock valued at $13,351,000 after purchasing an additional 116,891 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Delta Air Lines by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 720,421 shares of the transportation company’s stock valued at $49,997,000 after purchasing an additional 17,316 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL stock opened at $91.60 on Tuesday. Delta Air Lines, Inc. has a 1 year low of $51.23 and a 1 year high of $95.68. The company has a market cap of $60.24 billion, a P/E ratio of 15.19, a PEG ratio of 1.10 and a beta of 1.31. The firm has a 50-day moving average of $85.60 and a 200 day moving average of $74.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.07. The company had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.10 earnings per share. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 0.9%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, July 9th. Delta Air Lines’s dividend payout ratio is presently 14.26%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $106.00 price objective on shares of Delta Air Lines in a report on Monday, July 13th. Raymond James Financial cut Delta Air Lines from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $80.00 to $104.00 in a report on Monday, July 6th. The Goldman Sachs Group restated a “buy” rating on shares of Delta Air Lines in a research report on Monday. BMO Capital Markets lifted their price target on Delta Air Lines from $80.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Finally, Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Twenty-three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Moderate Buy” and an average price target of $100.40.

Insider Activity

In related news, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total value of $737,960.00. Following the completion of the transaction, the executive vice president directly owned 138,854 shares in the company, valued at $10,552,904. The trade was a 6.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at $7,738,836. This represents a 20.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 65,331 shares of company stock valued at $5,036,638 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.