Susquehanna Portfolio Strategies LLC Sells 160,776 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Susquehanna Portfolio Strategies LLC lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 74.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,423 shares of the transportation company’s stock after selling 160,776 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Delta Air Lines were worth $2,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC purchased a new stake in Delta Air Lines in the 2nd quarter worth approximately $36,000. Rise Advisors LLC boosted its holdings in 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 purchased a new stake in Delta Air Lines in the 2nd quarter worth $40,000. Richard W. Paul & Associates LLC raised its holdings in Delta Air Lines by 68.7% during the second 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 purchased a new position in shares of Delta Air Lines in the fourth quarter valued at about $43,000. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Sanford C. Bernstein lowered their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, July 12th. Jefferies Financial Group cut 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. Finally, TD Cowen dropped their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $61.52.

Insiders Place Their Bets

In other news, Director Willie Cw Chiang purchased 10,000 shares of the stock in a transaction dated Friday, July 12th. The shares were acquired at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $878,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Trading Down 0.6 %

NYSE:DAL opened at $51.52 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The firm has a 50-day simple moving average of $42.67 and a 200-day simple moving average of $46.44. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $53.86. The firm has a market cap of $33.25 billion, a P/E ratio of 7.41, a P/E/G ratio of 0.90 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The company had revenue of $15.41 billion for the quarter, compared to analysts’ expectations of $15.45 billion. During the same quarter in the prior year, the company earned $2.68 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.18 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.15 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 1.16%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.63%.

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.