Delta Air Lines, Inc. $DAL Stock Holdings Boosted by LSV Asset Management

LSV Asset Management boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,405,039 shares of the transportation company’s stock after purchasing an additional 48,997 shares during the quarter. LSV Asset Management owned about 0.52% of Delta Air Lines worth $167,460,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $25,000. NewSquare Capital LLC grew its holdings in Delta Air Lines by 184.6% in the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after buying an additional 371 shares in the last quarter. Activest Wealth Management increased its position in Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 593 shares during the period. Wealth Preservation Advisors LLC bought a new stake in Delta Air Lines during the 1st quarter valued at $31,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Delta Air Lines in the first quarter valued at $33,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 2.6%

NYSE DAL opened at $58.35 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The stock has a market capitalization of $38.10 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. The stock has a fifty day moving average of $58.87 and a 200-day moving average of $54.92.

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

Delta Air Lines Dividend Announcement

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

Insider Buying and Selling at Delta Air Lines

In related news, Director Michael P. Huerta sold 2,500 shares of the business’s stock in a transaction 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 in the company, valued at $2,017,971.50. The trade was a 6.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction on 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 directly owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 39,833 shares of company stock valued at $2,463,585 in the last quarter. 0.88% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of recent analyst reports. Raymond James Financial raised their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 10th. Sanford C. Bernstein lifted their target price on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Wall Street Zen raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Susquehanna upped their price target on Delta Air Lines from $68.00 to $70.00 and gave the stock a “positive” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $71.53.

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.