Delta Air Lines, Inc. $DAL Shares Bought by Callan Family Office LLC

Callan Family Office LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 285.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 24,715 shares of the transportation company’s stock after purchasing an additional 18,304 shares during the quarter. Callan Family Office LLC’s holdings in Delta Air Lines were worth $1,215,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DAL. Signature Resources Capital Management LLC acquired a new position in shares of Delta Air Lines in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC purchased a new position in Delta Air Lines in the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT purchased a new position in Delta Air Lines in the first quarter valued at approximately $33,000. Hara Capital LLC purchased a new position in Delta Air Lines in the first quarter valued at approximately $35,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Delta Air Lines during the first quarter worth approximately $40,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

DAL stock opened at $57.56 on Monday. The firm has a market cap of $37.59 billion, a P/E ratio of 8.11, a P/E/G ratio of 1.48 and a beta of 1.50. The stock’s 50 day simple moving average is $58.65 and its 200 day simple moving average is $51.60. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. 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 issued its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The firm had revenue of $8.40 billion during the quarter. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of research reports. Susquehanna Bancshares raised their target price on shares of Delta Air Lines from $51.00 to $65.00 and gave the stock a “positive” rating in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a report on Friday. HSBC lifted their price target on Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research note on Friday. Wall Street Zen raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, BNP Paribas Exane boosted their target price on shares of Delta Air Lines from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $70.11.

Insider Buying and Selling

In other Delta Air Lines news, EVP Peter W. Carter sold 17,550 shares of Delta Air Lines stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total value of $1,003,684.50. Following the completion of the transaction, the executive vice president owned 191,442 shares in the company, valued at approximately $10,948,567.98. The trade was a 8.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven M. Sear sold 18,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 97,505 shares of the company’s stock, valued at approximately $5,456,379.80. The trade was a 15.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,050 shares of company stock worth $5,139,795. Insiders own 0.96% of the company’s stock.

Delta Air Lines 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.