Opal Capital LLC Purchases New Shares in Delta Air Lines, Inc. $DAL

Opal Capital LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,154 shares of the transportation company’s stock, valued at approximately $742,000.

Other institutional investors also recently bought and sold shares of the company. Lloyd Advisory Services LLC. purchased a new stake in Delta Air Lines in the 4th quarter worth $31,000. SWAN Capital LLC increased its stake in Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after buying an additional 508 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $34,000. Cornerstone Planning Group LLC lifted its position in shares of Delta Air Lines by 451.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 429 shares in the last quarter. Finally, Atlas Wealth LLC acquired a new stake in shares of Delta Air Lines in the first quarter worth approximately $35,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of the sale, the executive vice president directly owned 95,025 shares in the company, valued at $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total transaction of $737,960.00. Following the completion of the sale, the executive vice president directly owned 138,854 shares in the company, valued at $10,552,904. This trade represents a 6.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 65,331 shares of company stock worth $5,036,638 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Up 3.2%

Shares of NYSE DAL opened at $89.48 on Wednesday. The company has a market capitalization of $58.84 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. The company has a 50 day simple moving average of $84.56 and a 200-day simple moving average of $73.80. Delta Air Lines, Inc. has a 1 year low of $50.44 and a 1 year high of $95.68.

Delta Air Lines (NYSE:DALGet Free Report) last released its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. The firm had revenue of $17.67 billion for the quarter, compared to analysts’ expectations of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.10 earnings per share. On average, equities research analysts predict that Delta Air Lines, Inc. will post 6.54 earnings per share for the current year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be issued a $0.215 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, July 9th. This represents a $0.86 annualized dividend and a yield of 1.0%. Delta Air Lines’s payout ratio is presently 14.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Seaport Research Partners lifted their target price on shares of Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Evercore boosted their price target on shares of Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Argus set a $105.00 target price on shares of Delta Air Lines in a research note on Tuesday, July 14th. Citigroup upped their price target on Delta Air Lines from $106.00 to $110.00 and gave the company a “buy” rating in a research report on Sunday, July 12th. Finally, TD Cowen lifted their price objective on Delta Air Lines from $106.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Twenty-three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.40.

Read Our Latest Research Report on DAL

Delta Air Lines Company Profile

(Free Report)

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.

Further Reading

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DALFree Report).

Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.