Lynx Investment Advisory Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Lynx Investment Advisory purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,474 shares of the transportation company’s stock, valued at approximately $165,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DAL. Wellington Management Group LLP lifted its holdings in shares of Delta Air Lines by 220.2% during the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after acquiring an additional 5,914,301 shares during the period. Capital International Investors lifted its holdings in Delta Air Lines by 8.8% during the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock valued at $842,283,000 after purchasing an additional 1,689,053 shares during the last quarter. Norges Bank bought a new position in Delta Air Lines during the 4th quarter valued at about $65,056,000. Jennison Associates LLC lifted its holdings in Delta Air Lines by 145.2% during the 4th quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock valued at $105,347,000 after purchasing an additional 1,550,770 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in Delta Air Lines by 27.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after purchasing an additional 1,376,221 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Trading Up 0.8 %

Shares of NYSE:DAL traded up $0.29 during trading on Tuesday, hitting $38.22. 7,533,964 shares of the company’s stock were exchanged, compared to its average volume of 9,760,480. The firm has a market cap of $24.66 billion, a P/E ratio of 5.50, a PEG ratio of 0.86 and a beta of 1.35. The firm has a 50-day moving average price of $46.97 and a two-hundred day moving average price of $45.94. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.21. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The firm had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.68 EPS. Equities analysts predict that Delta Air Lines, Inc. will post 6.26 earnings per share for the current year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, July 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.10. Delta Air Lines’s payout ratio is currently 8.63%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total value of $253,445.80. Following the transaction, the executive vice president now owns 112,421 shares of the company’s stock, valued at $5,879,618.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Delta Air Lines news, EVP Joanne D. Smith sold 4,846 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total value of $253,445.80. Following the transaction, the executive vice president now owns 112,421 shares of the company’s stock, valued at $5,879,618.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Willie Cw Chiang acquired 10,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was acquired at an average cost of $43.90 per share, for a total transaction of $439,000.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $878,000. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DAL shares. Bank of America boosted their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. HSBC started coverage on shares of Delta Air Lines in a research note on Monday, May 13th. They issued a “buy” rating and a $72.80 target price for the company. Jefferies Financial Group dropped their target price on shares of Delta Air Lines from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Sanford C. Bernstein dropped their target price on shares of Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, July 12th. Finally, Citigroup boosted their target price on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $60.70.

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.