Delta Air Lines, Inc. $DAL Shares Acquired by Profund Advisors LLC

Profund Advisors LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 33.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,207 shares of the transportation company’s stock after purchasing an additional 2,302 shares during the period. Profund Advisors LLC’s holdings in Delta Air Lines were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Delta Air Lines by 43.8% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 48,913 shares of the transportation company’s stock valued at $2,406,000 after acquiring an additional 14,904 shares in the last quarter. CSM Advisors LLC acquired a new stake in Delta Air Lines in the second quarter valued at about $22,760,000. HC Advisors LLC boosted its holdings in Delta Air Lines by 40.7% in the 2nd quarter. HC Advisors LLC now owns 7,972 shares of the transportation company’s stock valued at $392,000 after purchasing an additional 2,306 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Delta Air Lines by 8.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,916 shares of the transportation company’s stock valued at $40,619,000 after purchasing an additional 67,002 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Delta Air Lines by 10.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,167 shares of the transportation company’s stock worth $156,000 after purchasing an additional 297 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michael P. Huerta sold 2,500 shares of the business’s 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 completion of the transaction, the director owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the transaction, the executive vice president owned 81,109 shares in the company, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 39,833 shares of company stock worth $2,463,585. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America raised their price target on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. UBS Group boosted their target price on shares of Delta Air Lines from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Raymond James Financial increased their price target on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “strong-buy” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group raised their price objective on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note 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 stock. According to data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average price target of $71.53.

Delta Air Lines Stock Down 1.0%

DAL stock opened at $59.90 on Friday. 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 simple moving average is $58.93 and its 200-day simple moving average is $54.63. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The firm has a market capitalization of $39.11 billion, a PE ratio of 8.44, a P/E/G ratio of 1.35 and a beta of 1.52.

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

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were paid 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 1.3%. Delta Air Lines’s dividend payout ratio (DPR) is presently 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.