4,565 Shares in Delta Air Lines, Inc. (NYSE:DAL) Acquired by Ascent Group LLC

Ascent Group LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,565 shares of the transportation company’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. American International Group Inc. raised its stake in shares of Delta Air Lines by 1.6% during the 4th quarter. American International Group Inc. now owns 181,107 shares of the transportation company’s stock valued at $7,286,000 after purchasing an additional 2,783 shares during the period. First Hawaiian Bank purchased a new position in Delta Air Lines during the 1st quarter valued at about $749,000. Maryland State Retirement & Pension System increased its position in shares of Delta Air Lines by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 50,358 shares of the transportation company’s stock valued at $2,384,000 after buying an additional 1,362 shares during the period. RFG Advisory LLC purchased a new stake in shares of Delta Air Lines in the first quarter worth about $1,108,000. Finally, Norden Group LLC boosted its position in shares of Delta Air Lines by 714.1% in the first quarter. Norden Group LLC now owns 112,048 shares of the transportation company’s stock valued at $5,364,000 after acquiring an additional 98,285 shares during the period. Institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In related news, Director Willie Cw Chiang bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was bought at an average cost of $43.90 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

NYSE:DAL opened at $49.95 on Wednesday. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The business has a 50 day moving average of $43.06 and a 200 day moving average of $46.65. The company has a market capitalization of $32.23 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 0.90 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 during the quarter, compared to the consensus estimate of $15.45 billion. During the same quarter in the previous year, the firm posted $2.68 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 6.18 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.63%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. TD Cowen lowered their target price on shares of 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. Jefferies Financial Group lowered their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Sanford C. Bernstein dropped their price objective on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, July 12th. Finally, BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $61.52.

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.