Tidal Investments LLC Purchases 19,815 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Tidal Investments LLC raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 31.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,635 shares of the transportation company’s stock after buying an additional 19,815 shares during the period. Tidal Investments LLC’s holdings in Delta Air Lines were worth $4,197,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at approximately $281,206,000. Castle Hook Partners LP purchased a new position in Delta Air Lines during the 3rd quarter valued at $189,296,000. Jupiter Asset Management Ltd. bought a new position in Delta Air Lines in the 2nd quarter worth $60,217,000. Dimensional Fund Advisors LP lifted its position in shares of Delta Air Lines by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after purchasing an additional 1,105,674 shares during the period. Finally, Sanders Capital LLC boosted its stake in shares of Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after purchasing an additional 749,099 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven M. Sear sold 10,279 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $58.72, for a total value of $603,582.88. Following the completion of the transaction, the executive vice president now owns 78,459 shares in the company, valued at $4,607,112.48. The trade was a 11.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is owned by insiders.

Delta Air Lines Stock Down 0.2 %

Shares of Delta Air Lines stock opened at $61.53 on Friday. Delta Air Lines, Inc. has a twelve month low of $36.34 and a twelve month high of $67.50. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The company’s 50 day moving average is $59.53 and its 200 day moving average is $50.30. The company has a market cap of $39.70 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 1.21 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The firm had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $2.03 earnings per share. Research analysts anticipate that Delta Air Lines, Inc. will post 6.08 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Analyst Upgrades and Downgrades

Several analysts have commented on DAL shares. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. JPMorgan Chase & Co. raised their target price on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Barclays upped their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Susquehanna raised their price objective on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. Finally, Sanford C. Bernstein upped their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Delta Air Lines has an average rating of “Buy” and an average price target of $75.83.

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.