Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 31.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,401 shares of the transportation company’s stock after acquiring an additional 55,318 shares during the quarter. Bridgewater Associates LP’s holdings in Delta Air Lines were worth $11,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DAL. Future Financial Wealth Managment LLC purchased a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in Delta Air Lines during the third quarter worth $31,000. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines in the second quarter worth $31,000. Unique Wealth Strategies LLC purchased a new stake in shares of Delta Air Lines in the second quarter valued at $40,000. Finally, Quarry LP acquired a new stake in shares of Delta Air Lines during the second quarter valued at $41,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the transaction, the executive vice president now owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 140,240 shares of company stock valued at $8,044,893. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $63.62 on Friday. The business has a 50-day moving average of $56.41 and a two-hundred day moving average of $49.47. The firm has a market capitalization of $41.05 billion, a PE ratio of 8.84, a P/E/G ratio of 1.23 and a beta of 1.33. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. Delta Air Lines, Inc. has a 12 month low of $35.46 and a 12 month high of $66.25.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same period last year, the company posted $2.03 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts forecast that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. Delta Air Lines’s payout ratio is 8.33%.

Wall Street Analysts Forecast Growth

DAL has been the subject of several analyst reports. Sanford C. Bernstein boosted their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Susquehanna raised their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. TD Cowen boosted their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Barclays increased their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $75.83.

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.