Ingalls & Snyder LLC Has $6.69 Million Stock Holdings in Delta Air Lines, Inc. $DAL

Ingalls & Snyder LLC decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,053 shares of the transportation company’s stock after selling 401 shares during the quarter. Ingalls & Snyder LLC’s holdings in Delta Air Lines were worth $6,691,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DAL. Signature Resources Capital Management LLC bought a new position in Delta Air Lines during the 2nd quarter worth $25,000. Activest Wealth Management increased its position in Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after buying an additional 593 shares during the period. Wealth Preservation Advisors LLC bought a new position in Delta Air Lines during the 1st quarter worth $31,000. Zions Bancorporation National Association UT bought a new position in Delta Air Lines during the 1st quarter worth $33,000. Finally, Hara Capital LLC bought a new position in Delta Air Lines during the 1st quarter worth $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DAL. Deutsche Bank Aktiengesellschaft raised their price target on Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Bank of America raised their price objective on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Sanford C. Bernstein raised their price objective on Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Evercore ISI raised their price objective on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Susquehanna raised their price objective on Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $71.53.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $60.93 on Friday. The business’s 50-day moving average price is $59.61 and its 200-day moving average price is $52.96. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The firm has a market capitalization of $39.78 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.40 and a beta of 1.50. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The company had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s dividend payout ratio is 10.56%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the transaction, the senior vice president owned 15,816 shares in the company, valued at $968,730. This represents a 46.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $60.70, for a total value of $151,750.00. Following the transaction, the director owned 33,245 shares of the company’s stock, valued at $2,017,971.50. The trade was a 6.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,833 shares of company stock worth $2,463,585 in the last quarter. 0.88% of the stock is currently owned by company insiders.

Delta Air Lines Company 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.