12,984 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new position in Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,984 shares of the transportation company’s stock, valued at approximately $616,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Aristeia Capital L.L.C. purchased a new position in shares of Delta Air Lines during the second quarter valued at $579,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Delta Air Lines by 62.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 30,928 shares of the transportation company’s stock valued at $1,467,000 after purchasing an additional 11,881 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in Delta Air Lines during the second quarter valued at $4,762,000. Public Sector Pension Investment Board boosted its position in Delta Air Lines by 16.1% during the second quarter. Public Sector Pension Investment Board now owns 88,241 shares of the transportation company’s stock valued at $4,186,000 after purchasing an additional 12,269 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Delta Air Lines by 146.5% during the second quarter. EverSource Wealth Advisors LLC now owns 8,887 shares of the transportation company’s stock valued at $422,000 after purchasing an additional 5,281 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

NYSE DAL opened at $51.81 on Friday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The stock has a market capitalization of $33.44 billion, a PE ratio of 7.45, a P/E/G ratio of 0.90 and a beta of 1.34. The stock has a 50-day simple moving average of $42.54 and a 200 day simple moving average of $46.40.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. During the same period in the prior year, the firm posted $2.68 EPS. Delta Air Lines’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts anticipate that Delta Air Lines, Inc. will post 6.18 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 10th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. Delta Air Lines’s dividend payout ratio is presently 8.63%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group reduced their price objective on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Sanford C. Bernstein reduced their price target on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. Finally, TD Cowen reduced 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 equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $61.52.

Insider Activity at Delta Air Lines

In other news, Director Willie Cw Chiang purchased 10,000 shares of the business’s stock in a transaction on Friday, July 12th. The stock was purchased at an average price of $43.90 per share, with a total value of $439,000.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $878,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.96% of the company’s stock.

About Delta Air Lines

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.