Sanctuary Advisors LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 119,938 shares of the transportation company's stock, valued at approximately $5,987,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Kimelman & Baird LLC bought a new stake in shares of Delta Air Lines in the 2nd quarter valued at about $31,000. Strategic Financial Concepts LLC acquired a new position in shares of Delta Air Lines in the second quarter worth approximately $36,000. Rise Advisors LLC boosted its holdings in Delta Air Lines by 122.5% in the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company's stock valued at $39,000 after acquiring an additional 452 shares during the last quarter. Unique Wealth Strategies LLC acquired a new stake in shares of Delta Air Lines during the second quarter worth $40,000. Finally, Quarry LP acquired a new position in Delta Air Lines in the second quarter valued at $41,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on DAL shares. TD Cowen dropped their price objective on Delta Air Lines from $61.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Sanford C. Bernstein cut their target price on Delta Air Lines from $66.00 to $62.00 and set an "outperform" rating on the stock in a report on Friday, July 12th. BNP Paribas upgraded shares of Delta Air Lines to a "strong-buy" rating in a research note on Thursday, September 19th. Finally, Jefferies Financial Group raised their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $61.83.
Read Our Latest Stock Analysis on Delta Air Lines
In other Delta Air Lines news, Director Willie Cw Chiang bought 10,000 shares of the business's stock in a transaction on Friday, July 12th. The stock was purchased at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company's stock, valued at $878,000. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is currently owned by company insiders.
Shares of Delta Air Lines stock opened at $49.27 on Friday. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.86. The firm has a market capitalization of $31.79 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35. The business's fifty day simple moving average is $43.35 and its 200 day simple moving average is $46.71. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company had revenue of $15.41 billion for the quarter, compared to analysts' expectations of $15.45 billion. During the same quarter last year, the business posted $2.68 EPS. The business's quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts anticipate that Delta Air Lines, Inc. will post 6.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines's dividend payout ratio (DPR) is currently 8.63%.
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.
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