Aristeia Capital L.L.C. Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Aristeia Capital L.L.C. bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, Holdings Channel.com reports. The firm bought 12,197 shares of the transportation company’s stock, valued at approximately $579,000.

Several other institutional investors have also recently made changes to their positions in DAL. Strategic Financial Concepts LLC bought a new position in Delta Air Lines in the second quarter worth $36,000. Rise Advisors LLC grew its position in shares of Delta Air Lines by 122.5% in the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after buying an additional 452 shares during the period. Unique Wealth Strategies LLC bought a new position in shares of Delta Air Lines in the 2nd quarter worth about $40,000. Richard W. Paul & Associates LLC lifted its position in 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 valued at $42,000 after acquiring an additional 357 shares during the period. Finally, Scarborough Advisors LLC bought a new stake in Delta Air Lines during the fourth quarter worth about $43,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.5 %

Shares of DAL stock opened at $47.16 on Tuesday. The company’s fifty day simple moving average is $42.44 and its two-hundred day simple moving average is $46.35. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $53.86. The stock has a market cap of $30.43 billion, a P/E ratio of 6.79, a PEG ratio of 0.89 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.

Delta Air Lines (NYSE:DAL) last announced 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). The firm had revenue of $15.41 billion for the quarter, compared to the consensus estimate of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. Delta Air Lines’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.68 earnings per share. Analysts predict that Delta Air Lines, Inc. will post 5.99 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.63%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, Director Willie Cw Chiang purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average price of $43.90 per share, with a total value of $439,000.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $878,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DAL shares. Jefferies Financial Group decreased their target price 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. 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 research report on Friday, July 12th. TD Cowen cut their price target on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Citigroup increased their price objective on Delta Air Lines from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. 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 stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $61.52.

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.