Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 7.4% during the 2nd quarter, Holdings Channel reports. The fund owned 166,369 shares of the transportation company’s stock after acquiring an additional 11,525 shares during the period. Ensign Peak Advisors Inc’s holdings in Delta Air Lines were worth $7,893,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Rise Advisors LLC boosted its stake in shares of Delta Air Lines by 122.5% during the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after purchasing an additional 452 shares during the last quarter. Unique Wealth Strategies LLC purchased a new stake in Delta Air Lines in the 2nd quarter worth approximately $40,000. Richard W. Paul & Associates LLC lifted its stake in shares of Delta Air Lines by 68.7% during the 2nd quarter. Richard W. Paul & Associates LLC now owns 877 shares of the transportation company’s stock worth $42,000 after purchasing an additional 357 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Delta Air Lines by 24.7% during the first quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock worth $47,000 after purchasing an additional 195 shares during the last quarter. Finally, GoalVest Advisory LLC acquired a new position in Delta Air Lines in the first quarter valued at $50,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In related news, Director Willie Cw Chiang bought 10,000 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was bought at an average price of $43.90 per share, with a total value of $439,000.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $878,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.96% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on DAL shares. Sanford C. Bernstein lowered their price target 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. Citigroup upped their price target on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Jefferies Financial Group lowered their price objective on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Finally, TD Cowen lowered their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $61.52.

Delta Air Lines Price Performance

DAL opened at $47.81 on Wednesday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. The firm has a market cap of $30.85 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.89 and a beta of 1.34. The company has a fifty day simple moving average of $42.48 and a 200 day simple moving average of $46.39.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business had revenue of $15.41 billion during the quarter, compared to analysts’ expectations of $15.45 billion. During the same period in the prior year, the company posted $2.68 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts expect that Delta Air Lines, Inc. will post 5.99 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 1.25%. Delta Air Lines’s dividend payout ratio is presently 8.63%.

Delta Air Lines Company 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.