CSM Advisors LLC Invests $22.76 Million in Delta Air Lines, Inc. $DAL

CSM Advisors LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, HoldingsChannel reports. The firm bought 462,822 shares of the transportation company’s stock, valued at approximately $22,760,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Signature Resources Capital Management LLC purchased a new stake in shares of Delta Air Lines during the second quarter worth about $25,000. NewSquare Capital LLC raised its position in shares of Delta Air Lines by 184.6% in the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 371 shares during the last quarter. Activest Wealth Management boosted its stake in Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after purchasing an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in Delta Air Lines during the 1st quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT acquired a new position in Delta Air Lines during the 1st quarter valued at approximately $33,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein lifted their price objective on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. TD Cowen lifted their price target on Delta Air Lines from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Evercore ISI boosted their price target on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Delta Air Lines in a research note on Wednesday, October 8th. Finally, Rothschild & Co Redburn upped their target price on Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $71.53.

Insider Buying and Selling

In other Delta Air Lines news, 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 value 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 represents a 22.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael P. Huerta sold 2,500 shares of the firm’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 sale, the director owned 33,245 shares in the company, valued at $2,017,971.50. This trade represents a 6.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 39,833 shares of company stock valued at $2,463,585. Corporate insiders own 0.88% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $58.91 on Friday. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. 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 stock has a market cap of $38.47 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. The business has a 50-day simple moving average of $59.09 and a 200-day simple moving average of $54.23.

Delta Air Lines (NYSE:DAL) last announced its quarterly 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 during the quarter. On average, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, October 16th. Delta Air Lines’s 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.