CSM Advisors LLC Makes New Investment in Delta Air Lines, Inc. $DAL

CSM Advisors LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 462,822 shares of the transportation company’s stock, valued at approximately $22,760,000. CSM Advisors LLC owned 0.07% of Delta Air Lines at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Signature Resources Capital Management LLC purchased a new stake in Delta Air Lines in the 2nd quarter worth about $25,000. NewSquare Capital LLC grew its stake in shares of Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after buying an additional 371 shares during the last quarter. Activest Wealth Management raised its holdings in shares of Delta Air Lines by 2,280.8% in the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after buying an additional 593 shares during the period. Wealth Preservation Advisors LLC bought a new stake in shares of Delta Air Lines during the 1st quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Delta Air Lines during the 1st quarter worth approximately $33,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 1.9%

NYSE DAL opened at $58.91 on Friday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The company has a market capitalization of $38.47 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. The company’s 50-day simple moving average is $59.09 and its two-hundred day simple moving average is $54.23.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. The firm 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%. Equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were issued a $0.1875 dividend. The ex-dividend date was Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.56%.

Analysts Set New Price Targets

A number of analysts have weighed in on DAL shares. Evercore ISI increased their target price on Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. UBS Group boosted their target price on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Wolfe Research raised their price target on shares of Delta Air Lines from $63.00 to $67.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Rothschild & Co Redburn boosted their price objective on shares of Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday, October 14th. Finally, HSBC upped their target price on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $71.53.

Insider Transactions at Delta Air Lines

In related news, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This represents a 46.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John E. Laughter sold 23,323 shares of Delta Air Lines 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 completion of 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 39,833 shares of company stock valued at $2,463,585. Corporate insiders own 0.88% of the company’s stock.

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.