Hancock Whitney Corp Purchases Shares of 6,891 Delta Air Lines, Inc. (NYSE:DAL)

Hancock Whitney Corp acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,891 shares of the transportation company’s stock, valued at approximately $327,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DAL. American International Group Inc. grew its position in Delta Air Lines by 1.6% in the fourth quarter. American International Group Inc. now owns 181,107 shares of the transportation company’s stock worth $7,286,000 after buying an additional 2,783 shares during the last quarter. First Hawaiian Bank purchased a new stake in shares of Delta Air Lines during the first quarter valued at $749,000. Wells Fargo & Company MN boosted its position in shares of Delta Air Lines by 7.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,127,607 shares of the transportation company’s stock valued at $45,364,000 after purchasing an additional 73,936 shares during the period. Maryland State Retirement & Pension System increased its stake in Delta Air Lines by 2.8% in the 1st quarter. Maryland State Retirement & Pension System now owns 50,358 shares of the transportation company’s stock worth $2,384,000 after purchasing an additional 1,362 shares in the last quarter. Finally, RFG Advisory LLC acquired a new stake in Delta Air Lines during the 1st quarter worth about $1,108,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Up 0.5 %

Shares of DAL stock opened at $47.16 on Tuesday. The stock’s 50 day simple moving average is $42.44 and its 200 day simple moving average is $46.35. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The company has a market capitalization of $30.43 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.89 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The firm had revenue of $15.41 billion during the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.68 EPS. As a group, research analysts predict that Delta Air Lines, Inc. will post 5.99 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio is currently 8.63%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DAL shares. Jefferies Financial Group reduced their price target on shares of 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 boosted their price target on shares of 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 cut their price objective on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, July 12th. Finally, TD Cowen lowered their target price 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. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $61.52.

Insider Transactions at Delta Air Lines

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

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.