Opal Capital LLC Makes New Investment in Delta Air Lines, Inc. $DAL

Opal Capital LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,154 shares of the transportation company’s stock, valued at approximately $742,000.

Several other large investors have also recently added to or reduced their stakes in the business. Capital International Investors lifted its holdings in Delta Air Lines by 4.4% during the 4th quarter. Capital International Investors now owns 24,211,101 shares of the transportation company’s stock worth $1,680,249,000 after buying an additional 1,012,265 shares in the last quarter. State Street Corp grew its stake in shares of Delta Air Lines by 0.7% in the fourth quarter. State Street Corp now owns 23,163,644 shares of the transportation company’s stock worth $1,607,557,000 after acquiring an additional 165,729 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Delta Air Lines by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock worth $1,215,766,000 after acquiring an additional 202,865 shares during the period. Wellington Management Group LLP increased its position in shares of Delta Air Lines by 137.4% during the fourth quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock worth $958,538,000 after acquiring an additional 7,994,004 shares during the period. Finally, Morgan Stanley raised its stake in shares of Delta Air Lines by 0.5% in the fourth quarter. Morgan Stanley now owns 12,310,804 shares of the transportation company’s stock valued at $854,370,000 after acquiring an additional 56,455 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. BNP Paribas Exane decreased their target price on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $106.00 price target on shares of Delta Air Lines in a research report on Monday, July 13th. TD Cowen lifted their price objective on Delta Air Lines from $106.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Bank of America upped their target price on shares of Delta Air Lines from $93.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Wolfe Research lowered their price target on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Twenty-three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and an average price target of $100.40.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Allison C. Ausband sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the completion of the sale, the executive vice president directly owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. The trade was a 3.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the transaction, the executive vice president owned 95,025 shares in the company, valued at $7,738,836. This represents a 20.83% 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 worth $5,036,638 over the last quarter. 0.80% of the stock is owned by company insiders.

Delta Air Lines Price Performance

DAL stock opened at $89.48 on Wednesday. The business has a 50 day moving average price of $84.56 and a 200 day moving average price of $73.80. The stock has a market cap 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 fifty-two week low of $50.44 and a fifty-two week high of $95.68. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The company had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same period in the prior year, the firm posted $2.10 earnings per share. The firm’s revenue was up 18.7% on a year-over-year basis. Equities research analysts anticipate that Delta Air Lines, Inc. will post 6.54 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

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

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.