Machina Capital S.A.S. Makes New Investment in Delta Air Lines, Inc. $DAL

Machina Capital S.A.S. purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 33,202 shares of the transportation company’s stock, valued at approximately $1,633,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Charles Schwab Investment Management Inc. boosted its position in Delta Air Lines by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,690,361 shares of the transportation company’s stock valued at $160,900,000 after buying an additional 92,772 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Delta Air Lines by 8.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company’s stock valued at $1,670,000 after buying an additional 2,973 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Delta Air Lines during the 2nd quarter valued at $15,138,000. Jefferies Financial Group Inc. boosted its position in Delta Air Lines by 1,169.4% during the 1st quarter. Jefferies Financial Group Inc. now owns 7,248 shares of the transportation company’s stock valued at $316,000 after buying an additional 6,677 shares during the period. Finally, Focus Partners Wealth boosted its position in Delta Air Lines by 27.8% during the 1st quarter. Focus Partners Wealth now owns 45,862 shares of the transportation company’s stock valued at $2,000,000 after buying an additional 9,984 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael P. Huerta sold 2,500 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total value of $151,750.00. Following the completion of the transaction, the director directly owned 33,245 shares in the company, valued at $2,017,971.50. This trade represents a 6.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the transaction, the senior vice president owned 15,816 shares of the company’s stock, valued at approximately $968,730. The trade was a 46.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 39,833 shares of company stock worth $2,463,585 in the last three months. 0.88% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DAL shares. Rothschild & Co Redburn increased their price target on shares of Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday, October 14th. JPMorgan Chase & Co. increased their price target on shares of Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. UBS Group increased their price target on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, October 10th. 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. Finally, Seaport Global Securities upped their price objective on shares of Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $71.53.

Delta Air Lines Stock Up 2.0%

Shares of NYSE DAL opened at $58.52 on Tuesday. 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, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The firm has a market capitalization of $38.21 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.35 and a beta of 1.50. The firm has a fifty day simple moving average of $59.40 and a two-hundred day simple moving average of $53.83.

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

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is presently 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.