NEOS Investment Management LLC Purchases 12,272 Shares of Delta Air Lines, Inc. $DAL

NEOS Investment Management LLC grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 13.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,646 shares of the transportation company’s stock after purchasing an additional 12,272 shares during the period. NEOS Investment Management LLC’s holdings in Delta Air Lines were worth $9,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DAL. Arlington Trust Co LLC lifted its holdings in Delta Air Lines by 11.7% during the second quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company’s stock worth $116,000 after acquiring an additional 130 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of Delta Air Lines by 0.5% during the fourth quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company’s stock worth $1,955,000 after purchasing an additional 144 shares during the period. Utah Retirement Systems lifted its holdings in shares of Delta Air Lines by 0.3% during the 4th quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company’s stock valued at $3,652,000 after purchasing an additional 144 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in shares of Delta Air Lines by 2.6% during the 4th quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 151 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Delta Air Lines by 2.4% in the 4th quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 152 shares during the period. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Performance

NYSE DAL opened at $80.13 on Friday. The firm has a market capitalization of $52.70 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average price is $86.59 and its two-hundred day moving average price is $76.86. Delta Air Lines, Inc. has a 1 year low of $55.03 and a 1 year high of $95.68.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. The company had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 EPS. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 6.23 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a $0.215 dividend. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, July 9th. Delta Air Lines’s dividend payout ratio is currently 14.26%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DAL. UBS Group increased their target price on Delta Air Lines from $107.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Barclays lifted their price target on shares of Delta Air Lines from $85.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $106.00 price target on shares of Delta Air Lines in a report on Monday, July 13th. Wells Fargo & Company increased their price objective on shares of Delta Air Lines from $75.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Finally, Raymond James Financial dropped their price objective on shares of Delta Air Lines from $104.00 to $98.00 and set an “outperform” rating on the stock in a report on Monday, August 24th. Twenty-three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $99.84.

Insider Transactions at Delta Air Lines

In other news, Director Michael Huerta sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $94.11, for a total value of $291,741.00. Following the completion of the sale, the director directly owned 32,525 shares of the company’s stock, valued at $3,060,927.75. This trade represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Edward Bastian sold 206,510 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.80, for a total value of $19,164,128.00. Following the transaction, the chief executive officer directly owned 1,363,448 shares in the company, valued at $126,527,974.40. The trade was a 13.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 356,726 shares of company stock valued at $33,081,037. Company insiders own 0.80% of the company’s stock.

Delta Air Lines Company Profile

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.