Fox Run Management L.L.C. Sells 7,214 Shares of Delta Air Lines, Inc. $DAL

Fox Run Management L.L.C. lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 46.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,365 shares of the transportation company’s stock after selling 7,214 shares during the quarter. Fox Run Management L.L.C.’s holdings in Delta Air Lines were worth $411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAL. Savant Capital LLC boosted its position in shares of Delta Air Lines by 84.0% during the second quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock worth $8,951,000 after buying an additional 83,072 shares during the period. Charles Schwab Investment Management Inc. raised its position in Delta Air Lines by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company’s stock valued at $160,900,000 after buying an additional 92,772 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Delta Air Lines in the 2nd quarter valued at approximately $15,138,000. Jefferies Financial Group Inc. boosted its position in Delta Air Lines by 1,169.4% during the 1st quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock worth $316,000 after acquiring an additional 6,677 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in Delta Air Lines by 27.8% during the 1st quarter. Focus Partners Wealth now owns 45,862 shares of the transportation company’s stock worth $2,000,000 after acquiring an additional 9,984 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DAL shares. HSBC boosted their price objective on shares of Delta Air Lines from $69.20 to $73.70 and gave the stock a “buy” rating in a research report on Friday, October 10th. Rothschild & Co Redburn increased their price objective on shares of Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday, October 14th. JPMorgan Chase & Co. raised their price objective on Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, September 12th. UBS Group upped their target price on Delta Air Lines from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, TD Cowen increased their price target on Delta Air Lines from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, October 13th. 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. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $71.53.

Delta Air Lines Stock Up 4.6%

Delta Air Lines stock opened at $60.42 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.40 and a quick ratio of 0.34. The company’s 50-day moving average is $58.94 and its 200-day moving average is $54.59. The firm has a market capitalization of $39.45 billion, a PE ratio of 8.51, a P/E/G ratio of 1.35 and a beta of 1.52. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98.

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

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were issued a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.2%. Delta Air Lines’s payout ratio is presently 10.56%.

Insider Activity at Delta Air Lines

In other news, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the transaction, the director directly owned 33,245 shares of the company’s stock, valued at $2,017,971.50. This represents a 6.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the sale, the executive vice president directly owned 81,109 shares of the company’s stock, valued at $5,055,523.97. The trade was a 22.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 39,833 shares of company stock worth $2,463,585. Company insiders own 0.88% 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.