GSA Capital Partners LLP Makes New $517,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

GSA Capital Partners LLP acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, Holdings Channel reports. The firm acquired 10,187 shares of the transportation company’s stock, valued at approximately $517,000.

A number of other hedge funds have also recently made changes to their positions in DAL. Orion Portfolio Solutions LLC lifted its holdings in Delta Air Lines by 4.9% in the 1st quarter. Orion Portfolio Solutions LLC now owns 24,781 shares of the transportation company’s stock worth $1,186,000 after purchasing an additional 1,161 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Delta Air Lines by 81.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 59,608 shares of the transportation company’s stock valued at $2,853,000 after buying an additional 26,788 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in Delta Air Lines by 743.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 23,174 shares of the transportation company’s stock valued at $1,109,000 after buying an additional 20,428 shares in the last quarter. Bessemer Group Inc. grew its holdings in Delta Air Lines by 5.0% during the 1st quarter. Bessemer Group Inc. now owns 24,373 shares of the transportation company’s stock valued at $1,166,000 after buying an additional 1,156 shares in the last quarter. Finally, Lake Street Advisors Group LLC purchased a new stake in Delta Air Lines during the 1st quarter valued at approximately $227,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research analyst reports. Bank of America increased their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Barclays increased their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Sanford C. Bernstein increased their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, TD Cowen increased their target price on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $71.22.

Delta Air Lines Stock Up 2.4 %

Shares of DAL opened at $64.76 on Wednesday. The company has a market cap of $41.79 billion, a PE ratio of 8.99, a P/E/G ratio of 1.22 and a beta of 1.33. The business has a fifty day moving average of $53.88 and a 200 day moving average of $48.88. Delta Air Lines, Inc. has a 52-week low of $35.46 and a 52-week high of $66.25. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the prior year, the business earned $2.03 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. Delta Air Lines’s dividend payout ratio (DPR) is 8.33%.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 140,240 shares of company stock worth $8,044,893. 0.96% of the stock is currently owned by insiders.

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.