Czech National Bank Has $6.64 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Czech National Bank lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,630 shares of the transportation company’s stock after buying an additional 7,660 shares during the quarter. Czech National Bank’s holdings in Delta Air Lines were worth $6,635,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kimelman & Baird LLC bought a new stake in Delta Air Lines during the second quarter valued at $31,000. Strategic Financial Concepts LLC bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at about $36,000. Rise Advisors LLC grew its stake in Delta Air Lines by 122.5% during the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after purchasing an additional 452 shares during the period. Unique Wealth Strategies LLC acquired a new stake in Delta Air Lines during the second quarter worth approximately $40,000. Finally, Quarry LP bought a new stake in Delta Air Lines in the second quarter worth approximately $41,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DAL. Jefferies Financial Group raised their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday. 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 report on Friday, July 12th. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Finally, TD Cowen cut their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $63.62.

Delta Air Lines Trading Up 3.8 %

NYSE:DAL opened at $49.28 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The company has a market cap of $31.80 billion, a PE ratio of 7.09, a PEG ratio of 0.90 and a beta of 1.35. The firm has a 50-day moving average of $43.35 and a 200-day moving average of $46.73.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.01). The company had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $2.68 earnings per share. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 6.18 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio is 8.63%.

Insider Transactions at Delta Air Lines

In other news, Director Willie Cw Chiang purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $878,000. This trade represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.

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.