Banco Santander S.A. Has $7.43 Million Stake in Delta Air Lines, Inc. $DAL

Banco Santander S.A. raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 16.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,135 shares of the transportation company’s stock after buying an additional 21,204 shares during the quarter. Banco Santander S.A.’s holdings in Delta Air Lines were worth $7,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of DAL. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Delta Air Lines during the second quarter worth about $386,364,000. Pacer Advisors Inc. raised its position in shares of Delta Air Lines by 5,224.6% during the first quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company’s stock worth $189,081,000 after purchasing an additional 4,255,262 shares during the period. AQR Capital Management LLC raised its position in shares of Delta Air Lines by 149.9% during the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock worth $246,487,000 after purchasing an additional 3,577,489 shares during the period. Ameriprise Financial Inc. raised its position in shares of Delta Air Lines by 347.4% during the first quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company’s stock worth $184,909,000 after purchasing an additional 3,286,741 shares during the period. Finally, Ninety One UK Ltd raised its position in shares of Delta Air Lines by 1,469.9% during the first quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company’s stock worth $144,273,000 after purchasing an additional 3,098,237 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Down 0.8%

DAL stock opened at $60.45 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $59.60 and a two-hundred day moving average price of $53.13. The company has a market cap of $39.47 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 1.40 and a beta of 1.50. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month 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 earnings per share for the quarter. The firm 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%. Analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.56%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of the firm’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 value of $858,112.50. Following the completion of the transaction, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael P. Huerta sold 2,500 shares of the firm’s 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 transaction, the director owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. This represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,833 shares of company stock worth $2,463,585 over the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DAL. Evercore ISI raised their price target on Delta Air Lines from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Bernstein Bank raised their price target on Delta Air Lines from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, July 11th. The Goldman Sachs Group raised their price target on Delta Air Lines from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Dbs Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $71.53.

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.