Rokos Capital Management LLP Acquires Shares of 564,962 Delta Air Lines, Inc. $DAL

Rokos Capital Management LLP bought a new position in Delta Air Lines, Inc. (NYSE:DAL) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 564,962 shares of the transportation company’s stock, valued at approximately $37,578,000.

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in Delta Air Lines by 15.6% in the 1st quarter. Empowered Funds LLC now owns 195,513 shares of the transportation company’s stock worth $12,998,000 after acquiring an additional 26,317 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Delta Air Lines by 4.0% during the first quarter. Quantinno Capital Management LP now owns 1,154,253 shares of the transportation company’s stock valued at $76,735,000 after purchasing an additional 44,581 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its position in Delta Air Lines by 580.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 39,117 shares of the transportation company’s stock worth $2,600,000 after purchasing an additional 33,372 shares during the period. Waverly Advisors LLC increased its stake in shares of Delta Air Lines by 4.8% in the first quarter. Waverly Advisors LLC now owns 36,790 shares of the transportation company’s stock worth $2,446,000 after purchasing an additional 1,673 shares in the last quarter. Finally, Bridgewater Advisors Inc. bought a new stake in shares of Delta Air Lines in the first quarter valued at approximately $205,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Up 1.9%

DAL opened at $86.64 on Tuesday. The firm has a market capitalization of $56.97 billion, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 1.07 and a beta of 1.29. Delta Air Lines, Inc. has a one year low of $50.44 and a one year high of $95.68. The company has a fifty day moving average price of $84.13 and a 200-day moving average price of $73.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. The company had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The firm’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.10 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post 6.54 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, July 9th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is 14.26%.

Insider Activity

In other news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction 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. This trade represents a 20.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Allison C. Ausband sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the transaction, the executive vice president directly owned 133,854 shares of the company’s stock, valued at $10,574,466. The trade was a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 65,331 shares of company stock worth $5,036,638. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of recent research reports. Benchmark restated a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Cantor Fitzgerald set a $112.00 target price on shares of Delta Air Lines in a report on Tuesday, July 14th. Raymond James Financial cut shares of Delta Air Lines from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from $80.00 to $104.00 in a report on Monday, July 6th. Wolfe Research cut their price target on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, Zacks Research upgraded Delta Air Lines from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Twenty-three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.40.

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.