Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 90.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,960 shares of the transportation company’s stock after acquiring an additional 5,208 shares during the quarter. Summit Trail Advisors LLC’s holdings in Delta Air Lines were worth $520,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rise Advisors LLC increased its stake 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 purchasing an additional 452 shares during the last quarter. Unique Wealth Strategies LLC acquired a new stake in Delta Air Lines during the 2nd quarter worth $40,000. Richard W. Paul & Associates LLC raised its stake in Delta Air Lines by 68.7% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock worth $42,000 after acquiring an additional 357 shares in the last quarter. Manchester Capital Management LLC lifted its position in Delta Air Lines by 24.7% in the first quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 195 shares during the last quarter. Finally, GoalVest Advisory LLC acquired a new position in Delta Air Lines in the first quarter valued at $50,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DAL has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their target price on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Citigroup increased their price objective on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Sanford C. Bernstein reduced their price target on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. Finally, TD Cowen decreased their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $61.52.

Delta Air Lines Price Performance

Shares of DAL opened at $46.94 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average is $42.36 and its two-hundred day moving average is $46.32. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The firm has a market capitalization of $30.29 billion, a PE ratio of 6.75, a P/E/G ratio of 0.89 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share 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 business had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. During the same period in the prior year, the company earned $2.68 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Research analysts anticipate that Delta Air Lines, Inc. will post 5.99 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 1.28%. Delta Air Lines’s payout ratio is currently 8.63%.

Insider Buying and Selling at Delta Air Lines

In other news, Director Willie Cw Chiang purchased 10,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were acquired at an average price of $43.90 per share, with a total value of $439,000.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $878,000. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

About Delta Air Lines

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.