Quantbot Technologies LP Boosts Stake in Delta Air Lines, Inc. $DAL

Quantbot Technologies LP increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 789.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,226 shares of the transportation company’s stock after purchasing an additional 53,457 shares during the quarter. Quantbot Technologies LP’s holdings in Delta Air Lines were worth $2,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 2,302 shares during the period. Jefferies Financial Group Inc. raised its holdings in shares of Delta Air Lines by 1,169.4% during the first quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock valued at $316,000 after purchasing an additional 6,677 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Delta Air Lines by 4.3% during the first quarter. PNC Financial Services Group Inc. now owns 116,330 shares of the transportation company’s stock valued at $5,072,000 after purchasing an additional 4,764 shares during the period. Blair William & Co. IL boosted its holdings in Delta Air Lines by 7.9% in the first quarter. Blair William & Co. IL now owns 22,490 shares of the transportation company’s stock worth $981,000 after purchasing an additional 1,640 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Delta Air Lines by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 72,924,506 shares of the transportation company’s stock worth $3,179,508,000 after purchasing an additional 514,264 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the transaction, the senior vice president owned 15,816 shares of the company’s stock, valued at $968,730. This represents a 46.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction that occurred 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 sale, the executive vice president directly owned 81,109 shares in the company, valued at $5,055,523.97. This trade represents a 22.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.88% of the company’s stock.

Delta Air Lines Trading Down 0.4%

Shares of NYSE:DAL opened at $67.21 on Friday. The stock has a 50 day moving average of $59.54 and a 200 day moving average of $56.17. The company has a market cap of $43.88 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98.

Delta Air Lines (NYSE:DAL) last released its earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The company had revenue of $8.40 billion for the quarter. As a group, equities research analysts expect 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 issued a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.75 annualized dividend and a yield of 1.1%. Delta Air Lines’s dividend payout ratio is currently 10.56%.

Wall Street Analyst Weigh In

DAL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a report on Friday, October 10th. Cowen reissued a “buy” rating on shares of Delta Air Lines in a report on Thursday. Susquehanna raised their target price on Delta Air Lines from $68.00 to $70.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Seaport Global Securities upped their price target on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Finally, Sanford C. Bernstein increased their price objective on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $72.37.

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.