XTX Topco Ltd Has $1.25 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

XTX Topco Ltd lifted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 28.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,380 shares of the transportation company’s stock after buying an additional 5,842 shares during the period. XTX Topco Ltd’s holdings in Delta Air Lines were worth $1,251,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its position in shares of Delta Air Lines by 24.7% in the 1st quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock worth $47,000 after acquiring an additional 195 shares during the period. HBK Sorce Advisory LLC boosted its stake in Delta Air Lines by 4.0% during the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock worth $276,000 after buying an additional 221 shares in the last quarter. Silverlake Wealth Management LLC increased its holdings in Delta Air Lines by 2.9% in the 1st quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock valued at $390,000 after buying an additional 229 shares during the period. Lindbrook Capital LLC raised its stake in shares of Delta Air Lines by 7.2% in the 1st quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company’s stock valued at $166,000 after buying an additional 233 shares in the last quarter. Finally, Norden Group LLC lifted its holdings in shares of Delta Air Lines by 1.8% during the 1st quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock worth $670,000 after acquiring an additional 243 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DAL. Citigroup upped their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Sanford C. Bernstein lowered their price target on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a research report on Friday, July 12th. Jefferies Financial Group cut their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a report on Friday, June 28th. Finally, TD Cowen reduced 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. 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’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $61.52.

Insider Activity

In related news, Director Willie Cw Chiang acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was acquired at an average cost of $43.90 per share, with a total value of $439,000.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $878,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Trading Down 0.4 %

DAL stock opened at $46.93 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The company has a market cap of $30.28 billion, a P/E ratio of 6.75, a PEG ratio of 0.89 and a beta of 1.34. The business has a fifty day moving average of $42.36 and a 200-day moving average of $46.25.

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 the consensus estimate of $2.37 by ($0.01). The firm had revenue of $15.41 billion for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $2.68 earnings per share. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 5.99 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced 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 1.28%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s dividend payout ratio is presently 8.63%.

Delta Air Lines Company 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.