V Square Quantitative Management LLC Boosts Stake in Delta Air Lines, Inc. (NYSE:DAL)

V Square Quantitative Management LLC boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 30.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,844 shares of the transportation company’s stock after buying an additional 2,275 shares during the period. V Square Quantitative Management LLC’s holdings in Delta Air Lines were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DAL. Future Financial Wealth Managment LLC purchased a new stake in shares of Delta Air Lines during the 3rd quarter valued at $25,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines during the 2nd quarter valued at $31,000. Unique Wealth Strategies LLC purchased a new stake in shares of Delta Air Lines during the 2nd quarter valued at $40,000. Quarry LP purchased a new stake in shares of Delta Air Lines during the 2nd quarter valued at $41,000. Finally, Richard W. Paul & Associates LLC lifted its holdings in shares of 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 purchasing an additional 357 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

NYSE:DAL opened at $55.80 on Friday. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $56.48. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $36.01 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. The stock’s 50-day moving average price is $45.81 and its 200-day moving average price is $47.14.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts expect that Delta Air Lines, Inc. will post 6.17 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.08%. The ex-dividend date is Thursday, October 10th. Delta Air Lines’s payout ratio is 8.63%.

Insider Buying and Selling

In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $6,739,564.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $6,739,564.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the completion of the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DAL shares. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. TD Cowen reduced their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Jefferies Financial Group raised their target price on Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Bank of America raised their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average target price of $65.40.

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.