Los Angeles Capital Management LLC Buys 824,152 Shares of Delta Air Lines, Inc. $DAL

Los Angeles Capital Management LLC boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 114.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,547,251 shares of the transportation company’s stock after purchasing an additional 824,152 shares during the period. Los Angeles Capital Management LLC’s holdings in Delta Air Lines were worth $107,379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its holdings in Delta Air Lines by 90.6% during the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after buying an additional 211 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in Delta Air Lines during the 4th quarter valued at about $31,000. Camelot Portfolios LLC bought a new stake in Delta Air Lines during the 4th quarter valued at about $34,000. Accredited Wealth Management LLC lifted its holdings in Delta Air Lines by 1,983.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after buying an additional 476 shares in the last quarter. Finally, Byrne Asset Management LLC bought a new stake in Delta Air Lines during the 4th quarter valued at about $35,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 0.0%

NYSE:DAL opened at $79.55 on Friday. Delta Air Lines, Inc. has a one year low of $45.28 and a one year high of $83.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. The firm has a market cap of $52.26 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.12 and a beta of 1.30. The firm has a 50-day simple moving average of $71.58 and a 200-day simple moving average of $68.72.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same quarter in the previous year, the business posted $0.46 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts anticipate that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a $0.1875 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.75 annualized dividend and a dividend yield of 0.9%. Delta Air Lines’s payout ratio is currently 10.93%.

Insider Activity

In other news, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the sale, the executive vice president owned 95,025 shares in the company, valued at approximately $7,738,836. The trade was a 20.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total transaction of $395,000.00. Following the completion of the transaction, the executive vice president directly owned 133,854 shares in the company, valued at approximately $10,574,466. The trade was a 3.60% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein lifted their price objective on shares of Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Evercore reiterated an “outperform” rating and set a $85.00 price objective on shares of Delta Air Lines in a report on Friday, April 17th. Argus lifted their price objective on shares of Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Seaport Research Partners lifted their price objective on shares of Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Finally, Susquehanna reduced their price target on shares of Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus price target of $80.85.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.