Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Senator Investment Group LP

Senator Investment Group LP grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 90.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 475,000 shares of the transportation company’s stock after acquiring an additional 225,000 shares during the period. Senator Investment Group LP owned about 0.07% of Delta Air Lines worth $22,534,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DAL. Orion Portfolio Solutions LLC grew its holdings in Delta Air Lines by 206.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 23,620 shares of the transportation company’s stock worth $983,000 after acquiring an additional 15,902 shares in the last quarter. TD Asset Management Inc grew its position in shares of Delta Air Lines by 1.6% in the 4th quarter. TD Asset Management Inc now owns 192,552 shares of the transportation company’s stock worth $7,746,000 after acquiring an additional 3,059 shares in the last quarter. Stifel Financial Corp raised its position in shares of Delta Air Lines by 2.8% during the 4th quarter. Stifel Financial Corp now owns 532,947 shares of the transportation company’s stock valued at $21,442,000 after acquiring an additional 14,460 shares in the last quarter. TFO Wealth Partners LLC lifted its stake in Delta Air Lines by 20,838.5% during the fourth quarter. TFO Wealth Partners LLC now owns 5,444 shares of the transportation company’s stock worth $219,000 after purchasing an additional 5,418 shares during the last quarter. Finally, Scotia Capital Inc. raised its holdings in shares of Delta Air Lines by 6.6% during the fourth quarter. Scotia Capital Inc. now owns 94,964 shares of the transportation company’s stock worth $3,820,000 after purchasing an additional 5,909 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

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

Delta Air Lines Stock Down 0.5 %

DAL stock opened at $51.54 on Monday. The company’s 50 day simple moving average is $42.79 and its 200-day simple moving average is $46.55. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $53.86. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The firm has a market capitalization of $33.26 billion, a P/E ratio of 7.42, a P/E/G ratio of 0.90 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data 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 company had revenue of $15.41 billion for the quarter, compared to analysts’ expectations of $15.45 billion. During the same period in the previous year, the firm posted $2.68 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 6.18 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.15 per share. The ex-dividend date 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 8.63%.

Insider Activity

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

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.