Versor Investments LP Acquires Shares of 20,716 Delta Air Lines, Inc. (NYSE:DAL)

Versor Investments LP purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,716 shares of the transportation company’s stock, valued at approximately $1,052,000.

Several other hedge funds have also recently modified their holdings of DAL. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $25,000. Kimelman & Baird LLC bought a new position in shares of Delta Air Lines during the 2nd quarter worth approximately $31,000. Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $31,000. Strategic Financial Concepts LLC bought a new position in shares of Delta Air Lines during the 2nd quarter worth approximately $36,000. Finally, Unique Wealth Strategies LLC bought a new position in shares of Delta Air Lines during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. 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 research note on Wednesday, July 17th. Barclays upped their price target on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Bank of America upped their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Jefferies Financial Group upped 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. Finally, Sanford C. Bernstein upped their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $66.40.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $63.56 on Tuesday. Delta Air Lines, Inc. has a 12-month low of $33.69 and a 12-month high of $63.83. The stock has a market cap of $41.01 billion, a P/E ratio of 8.83, a PEG ratio of 1.15 and a beta of 1.33. The company has a 50-day moving average price of $50.87 and a 200 day moving average price of $48.20. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. During the same period in the previous year, the business posted $2.03 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.12 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. Delta Air Lines’s payout ratio is currently 8.33%.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the transaction, the executive vice president now directly owns 121,961 shares in the company, valued at approximately $6,739,564.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,710 shares of company stock valued at $6,739,745. 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.