Choreo LLC Increases Stock Position in Delta Air Lines, Inc. $DAL

Choreo LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 24.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,882 shares of the transportation company’s stock after acquiring an additional 4,429 shares during the period. Choreo LLC’s holdings in Delta Air Lines were worth $1,125,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signature Resources Capital Management LLC purchased a new position in Delta Air Lines during the 2nd quarter valued at about $25,000. NewSquare Capital LLC increased its stake in shares of Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after buying an additional 371 shares during the period. Activest Wealth Management raised its holdings in shares of Delta Air Lines by 2,280.8% during the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in Delta Air Lines in the first quarter worth $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in Delta Air Lines in the first quarter valued at $33,000. 69.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on DAL. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Rothschild & Co Redburn raised their price objective on shares of Delta Air Lines from $65.00 to $72.00 in a report on Tuesday, October 14th. JPMorgan Chase & Co. upped their target price on Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Sanford C. Bernstein raised their target price 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. Finally, Seaport Global Securities lifted their price target on Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. One 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.com, the company has a consensus rating of “Buy” and a consensus price target of $71.68.

Insider Transactions at Delta Air Lines

In related news, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the sale, the executive vice president owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were 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 directly owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by company insiders.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $64.31 on Friday. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $41.99 billion, a P/E ratio of 9.06, a PEG ratio of 1.35 and a beta of 1.52. The stock’s 50 day moving average is $58.90 and its 200 day moving average is $55.78.

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

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 16th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, October 16th. Delta Air Lines’s dividend payout ratio is 10.56%.

Delta Air Lines 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.