Simon Quick Advisors LLC Buys Shares of 5,310 Delta Air Lines, Inc. $DAL

Simon Quick Advisors LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,310 shares of the transportation company’s stock, valued at approximately $261,000.

Several other institutional investors and hedge funds also recently bought and sold shares of DAL. Signature Resources Capital Management LLC purchased a new position in Delta Air Lines during the 2nd quarter valued at about $25,000. Activest Wealth Management grew its stake in shares of Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after buying an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC bought a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $31,000. Zions Bancorporation National Association UT bought a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $33,000. Finally, Hara Capital LLC bought a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other news, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the transaction, the executive vice president directly owned 81,109 shares in the company, valued at $5,055,523.97. The trade was a 22.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael P. Huerta sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the transaction, the director owned 33,245 shares of the company’s stock, valued at approximately $2,017,971.50. This trade represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,833 shares of company stock worth $2,463,585 over the last three months. 0.88% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DAL shares. Bank of America boosted their price target on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Morgan Stanley boosted their price target on Delta Air Lines from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Susquehanna Bancshares boosted their price target on Delta Air Lines from $51.00 to $65.00 and gave the company a “positive” rating in a research note on Friday, July 11th. Evercore ISI boosted their price target on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Delta Air Lines in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $71.53.

Delta Air Lines Stock Up 2.0%

DAL opened at $58.52 on Tuesday. The business has a 50 day moving average price of $59.40 and a 200 day moving average price of $53.83. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The firm has a market cap of $38.21 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 1.35 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The company had revenue of $8.40 billion during the quarter. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be issued a dividend of $0.1875 per share. The ex-dividend date is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines’s payout ratio is 10.56%.

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.