Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,369 shares of the transportation company’s stock after acquiring an additional 11,525 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Delta Air Lines were worth $7,893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. American International Group Inc. lifted its holdings in 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 worth $7,286,000 after buying an additional 2,783 shares in the last quarter. First Hawaiian Bank acquired a new position in Delta Air Lines during the 1st quarter worth $749,000. Maryland State Retirement & Pension System increased its holdings in Delta Air Lines by 2.8% during 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 during the period. RFG Advisory LLC acquired a new stake in Delta Air Lines in the 1st quarter valued at about $1,108,000. Finally, Norden Group LLC boosted its stake in shares of Delta Air Lines by 714.1% in the 1st quarter. Norden Group LLC now owns 112,048 shares of the transportation company’s stock valued at $5,364,000 after buying an additional 98,285 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DAL has been the subject of several analyst reports. Citigroup boosted their price target on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Sanford C. Bernstein lowered their price objective on 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. TD Cowen decreased their target price on 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. Finally, Jefferies Financial Group cut their price objective on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $61.52.

Insider Transactions at Delta Air Lines

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 shares were purchased at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $878,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $47.81 on Wednesday. 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 company has a market cap of $30.85 billion, a PE ratio of 6.88, a P/E/G ratio of 0.89 and a beta of 1.34. The stock has a fifty day moving average price of $42.48 and a 200 day moving average price of $46.39. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The firm had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.68 earnings per share. Sell-side analysts forecast that Delta Air Lines, Inc. will post 5.99 EPS 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 of this dividend is Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. Delta Air Lines’s payout ratio is currently 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.