Harel Insurance Investments & Financial Services Ltd. Has $19.49 Million Stock Position in Delta Air Lines, Inc. $DAL

Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 79.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 396,189 shares of the transportation company’s stock after buying an additional 174,820 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Delta Air Lines were worth $19,485,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. GHP Investment Advisors Inc. boosted its holdings in shares of Delta Air Lines by 5,955.6% in the second quarter. GHP Investment Advisors Inc. now owns 1,635 shares of the transportation company’s stock worth $80,000 after buying an additional 1,608 shares during the period. Lifeworks Advisors LLC acquired a new stake in shares of Delta Air Lines during the second quarter valued at approximately $239,000. Center for Financial Planning Inc. raised its holdings in shares of Delta Air Lines by 11.8% during the second quarter. Center for Financial Planning Inc. now owns 12,292 shares of the transportation company’s stock valued at $605,000 after acquiring an additional 1,300 shares during the period. Simon Quick Advisors LLC purchased a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $261,000. Finally, REDW Wealth LLC acquired a new position in Delta Air Lines in the 2nd quarter worth approximately $214,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DAL shares. Evercore ISI boosted their target price on shares of Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Wolfe Research lifted their price target on Delta Air Lines from $63.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Bank of America increased their price objective on Delta Air Lines from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. HSBC raised their price objective on Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Jefferies Financial Group upped their target price on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $71.53.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the sale, the director directly owned 33,245 shares in the company, valued at $2,017,971.50. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. This represents a 46.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 39,833 shares of company stock valued at $2,463,585. 0.88% of the stock is currently owned by corporate insiders.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $57.34 on Friday. The firm has a market cap of $37.44 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 1.35 and a beta of 1.50. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $59.44 and a 200 day simple moving average of $53.62.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The company had revenue of $8.40 billion for the quarter. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be issued a $0.1875 dividend. The ex-dividend date is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a yield of 1.3%. Delta Air Lines’s dividend payout ratio is currently 10.56%.

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.