12,088 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC acquired a new position in shares of 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 (SEC). The institutional investor acquired 12,088 shares of the transportation company’s stock, valued at approximately $662,000.

Other large investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter valued at approximately $25,000. Kimelman & Baird LLC acquired a new position in Delta Air Lines during the second quarter valued at approximately $31,000. Strategic Financial Concepts LLC acquired a new position in Delta Air Lines during the second quarter valued at approximately $36,000. Unique Wealth Strategies LLC bought a new stake in Delta Air Lines during the second quarter worth $40,000. Finally, Quarry LP acquired a new stake in shares of Delta Air Lines in the 2nd quarter valued at $41,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $58.49 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. Delta Air Lines, Inc. has a 52 week low of $30.76 and a 52 week high of $59.07. The firm has a market cap of $37.74 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. The firm’s fifty day moving average is $48.34 and its 200-day moving average is $47.64.

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

Delta Air Lines Announces Dividend

The business also recently announced 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 1.03%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s payout ratio is presently 8.33%.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 68,000 shares of the business’s stock in a transaction that occurred 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 owns 439,819 shares in the company, valued at approximately $24,775,004.27. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Alain Bellemare sold 19,490 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,921 shares of company stock valued at $5,080,586. 0.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DAL has been the subject of a number of research analyst reports. Barclays boosted their price target on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Sanford C. Bernstein boosted their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Susquehanna raised their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. Bank of America lifted their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One 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 stock. According to MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average target price of $65.40.

Delta Air Lines 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.