Stance Capital LLC Takes Position in Delta Air Lines, Inc. $DAL

Stance Capital LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, Holdings Channel reports. The fund acquired 15,033 shares of the transportation company’s stock, valued at approximately $739,000.

A number of other hedge funds also recently bought and sold shares of DAL. Savant Capital LLC grew its position in Delta Air Lines by 84.0% during the 2nd quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock worth $8,951,000 after purchasing an additional 83,072 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Delta Air Lines by 8.8% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,916 shares of the transportation company’s stock worth $40,619,000 after buying an additional 67,002 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Delta Air Lines in the second quarter worth about $15,138,000. Franklin Resources Inc. grew its holdings in Delta Air Lines by 1.6% during the second quarter. Franklin Resources Inc. now owns 762,106 shares of the transportation company’s stock worth $37,480,000 after acquiring an additional 12,057 shares during the period. Finally, Sienna Gestion raised its position in Delta Air Lines by 11.4% during the second quarter. Sienna Gestion now owns 123,757 shares of the transportation company’s stock valued at $5,557,000 after acquiring an additional 12,665 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 1.0%

DAL opened at $69.82 on Monday. The company has a market cap of $45.59 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.63 and a beta of 1.37. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $71.59. The company has a 50-day moving average price of $60.94 and a 200 day moving average price of $57.10. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68.

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

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders 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 yield of 1.1%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.56%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Raymond James Financial lifted their target price on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “strong-buy” rating in a report on Friday, October 10th. Sanford C. Bernstein lifted their price objective on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Rothschild & Co Redburn upped their price objective on shares of Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, UBS Group assumed coverage on Delta Air Lines in a report on Friday. They issued a “buy” rating and a $90.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $74.08.

Insider Buying and Selling at Delta Air Lines

In other news, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the sale, the executive vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the stock in a transaction dated Wednesday, October 15th. The shares were 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 owned 15,816 shares of the company’s stock, valued at $968,730. This trade represents a 46.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.96% 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.