PFG Investments LLC Has $374,000 Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

PFG Investments LLC increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,884 shares of the transportation company’s stock after buying an additional 304 shares during the quarter. PFG Investments LLC’s holdings in Delta Air Lines were worth $374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAL. Wellington Management Group LLP increased its holdings in shares of Delta Air Lines by 220.2% in the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after acquiring an additional 5,914,301 shares in the last quarter. Capital International Investors increased its stake in Delta Air Lines by 8.8% during the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after purchasing an additional 1,689,053 shares in the last quarter. Norges Bank acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $65,056,000. Royal London Asset Management Ltd. lifted its stake in Delta Air Lines by 27.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after buying an additional 1,376,221 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Delta Air Lines by 96.1% in the first quarter. Russell Investments Group Ltd. now owns 2,487,387 shares of the transportation company’s stock valued at $119,057,000 after buying an additional 1,219,074 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were purchased at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $878,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Price Performance

NYSE:DAL opened at $44.28 on Friday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The firm has a market capitalization of $28.57 billion, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average price is $42.29 and its two-hundred day moving average price is $46.07.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The firm had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. Delta Air Lines’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.68 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post 5.94 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th were paid a $0.15 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, July 30th. Delta Air Lines’s dividend payout ratio (DPR) is 8.63%.

Analysts Set New Price Targets

A number of brokerages recently commented on DAL. Citigroup raised their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. TD Cowen dropped their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Jefferies Financial Group cut their price target on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Finally, Sanford C. Bernstein decreased their price objective on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $60.70.

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.