Delta Air Lines, Inc. $DAL Shares Purchased by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich grew its position in Delta Air Lines, Inc. (NYSE:DALFree Report) by 129.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,218 shares of the transportation company’s stock after purchasing an additional 101,717 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in Delta Air Lines were worth $16,879,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. LifePlan Investment Advisors Inc. purchased a new stake in shares of Delta Air Lines in the second quarter worth about $267,000. TD Waterhouse Canada Inc. grew its position in Delta Air Lines by 646.6% in the second quarter. TD Waterhouse Canada Inc. now owns 45,161 shares of the transportation company’s stock valued at $4,207,000 after acquiring an additional 39,112 shares in the last quarter. Premier Path Wealth Partners LLC raised its stake in shares of Delta Air Lines by 15.7% during the second quarter. Premier Path Wealth Partners LLC now owns 4,855 shares of the transportation company’s stock valued at $455,000 after purchasing an additional 658 shares during the period. United Community Bank lifted its position in shares of Delta Air Lines by 13.1% during the second quarter. United Community Bank now owns 8,254 shares of the transportation company’s stock worth $773,000 after purchasing an additional 957 shares in the last quarter. Finally, Lakeshore Financial Planning Inc. increased its stake in Delta Air Lines by 11.4% during the 2nd quarter. Lakeshore Financial Planning Inc. now owns 5,051 shares of the transportation company’s stock worth $473,000 after buying an additional 516 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Benchmark restated a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Cantor Fitzgerald set a $112.00 price objective on Delta Air Lines in a research note on Tuesday, July 14th. JPMorgan Chase & Co. upped their target price on Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Jefferies Financial Group raised their price target on shares of Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Raymond James Financial cut their price target on shares of Delta Air Lines from $104.00 to $98.00 and set an “outperform” rating on the stock in a report on Monday, August 24th. Twenty-three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $99.84.

View Our Latest Stock Analysis on DAL

Insiders Place Their Bets

In other Delta Air Lines news, EVP Alain Bellemare sold 35,000 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $92.72, for a total transaction of $3,245,200.00. Following the transaction, the executive vice president directly owned 95,025 shares in the company, valued at approximately $8,810,718. The trade was a 26.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven M. Sear sold 40,460 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $93.55, for a total value of $3,785,033.00. Following the transaction, the executive vice president directly owned 104,404 shares in the company, valued at $9,766,994.20. The trade was a 27.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 356,726 shares of company stock worth $33,081,037. Corporate insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Performance

DAL opened at $80.13 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $86.59 and its 200-day moving average is $76.86. The stock has a market cap of $52.70 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29. Delta Air Lines, Inc. has a twelve month low of $55.03 and a twelve month high of $95.68.

Delta Air Lines (NYSE:DALGet Free Report) last issued its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The company had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same period last year, the company earned $2.10 earnings per share. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. On average, analysts predict that Delta Air Lines, Inc. will post 6.23 earnings per share for the current year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 9th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is presently 14.26%.

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.

See Also

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

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