Delta Air Lines, Inc. $DAL Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,154,253 shares of the transportation company’s stock after buying an additional 44,581 shares during the period. Quantinno Capital Management LP’s holdings in Delta Air Lines were worth $76,735,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DAL. Brighton Jones LLC raised its position in shares of Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 2,302 shares in the last quarter. Acadian Asset Management LLC bought a new position in Delta Air Lines during the first quarter worth $178,000. Sivia Capital Partners LLC acquired a new position in Delta Air Lines in the second quarter worth $555,000. Marshall Wace LLP boosted its holdings in Delta Air Lines by 102.2% in the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock worth $385,000 after purchasing an additional 357,825 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in Delta Air Lines by 10.6% during the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock valued at $2,859,000 after purchasing an additional 5,564 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allison C. Ausband sold 9,710 shares of Delta Air Lines stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total value of $737,960.00. Following the sale, the executive vice president directly owned 138,854 shares in the company, valued at approximately $10,552,904. This trade represents a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,331 shares of company stock valued at $5,036,638 over the last three months. 0.80% of the stock is currently owned by company insiders.

Delta Air Lines Stock Performance

DAL stock opened at $89.48 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. The stock has a market capitalization of $58.84 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.09 and a beta of 1.29. Delta Air Lines, Inc. has a 1 year low of $50.44 and a 1 year high of $95.68. The stock’s fifty day moving average is $84.56 and its two-hundred day moving average is $73.80.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.10 earnings per share. On average, research analysts predict that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, July 9th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s dividend payout ratio (DPR) is presently 14.26%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Seaport Research Partners increased their target price on shares of Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Argus set a $105.00 price target on shares of Delta Air Lines in a report on Tuesday, July 14th. The Goldman Sachs Group boosted their price objective on shares of Delta Air Lines from $80.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Cantor Fitzgerald set a $112.00 price objective on shares of Delta Air Lines in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group raised their target price on shares of Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Twenty-three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.40.

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.