Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,648 shares of the transportation company’s stock after buying an additional 435 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Delta Air Lines were worth $333,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DAL. Pacer Advisors Inc. lifted its position in shares of Delta Air Lines by 5,224.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company’s stock worth $189,081,000 after buying an additional 4,255,262 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Delta Air Lines by 1,469.9% during the 1st quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company’s stock worth $144,273,000 after buying an additional 3,098,237 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Delta Air Lines by 405.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company’s stock worth $184,784,000 after buying an additional 2,449,874 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Delta Air Lines by 66.9% during the 1st quarter. Bank of New York Mellon Corp now owns 5,915,545 shares of the transportation company’s stock worth $257,918,000 after buying an additional 2,370,795 shares during the last quarter. Finally, FMR LLC raised its position in Delta Air Lines by 29.3% in the 4th quarter. FMR LLC now owns 9,955,818 shares of the transportation company’s stock valued at $602,327,000 after purchasing an additional 2,254,560 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Steven M. Sear sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $55.96, for a total value of $1,007,280.00. Following the transaction, the executive vice president owned 97,505 shares in the company, valued at approximately $5,456,379.80. This trade represents a 15.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Alain Bellemare sold 45,423 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the completion of the transaction, the executive vice president owned 131,731 shares in the company, valued at $7,318,974.36. The trade was a 25.64% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,973 shares of company stock worth $7,511,746. 0.88% of the stock is currently owned by corporate insiders.

Delta Air Lines Price Performance

NYSE:DAL opened at $51.15 on Friday. The firm has a market cap of $33.40 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 1.66 and a beta of 1.56. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average is $51.29 and its two-hundred day moving average is $52.04. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.09. The business had revenue of $15,507,000 billion for the quarter, compared to analyst estimates of $16.16 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.36 EPS. Research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be issued a $0.1875 dividend. The ex-dividend date is Thursday, July 31st. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.15. This represents a $0.75 annualized dividend and a yield of 1.5%. Delta Air Lines’s payout ratio is 10.87%.

Analysts Set New Price Targets

Several analysts recently commented on DAL shares. Susquehanna set a $65.00 price target on shares of Delta Air Lines and gave the company a “positive” rating in a research report on Friday, July 11th. BNP Paribas Exane upped their price objective on shares of Delta Air Lines from $58.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, July 11th. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $56.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, July 14th. Bernstein Bank upped their price target on shares of Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, July 11th. Finally, HSBC upped their price target on shares of Delta Air Lines from $64.00 to $69.20 in a research note on Friday, July 11th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines has an average rating of “Moderate Buy” and an average price target of $66.21.

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.