Qsemble Capital Management LP Acquires Shares of 15,295 Delta Air Lines, Inc. (NYSE:DAL)

Qsemble Capital Management LP bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,295 shares of the transportation company’s stock, valued at approximately $777,000.

Several other large investors also recently added to or reduced their stakes in the stock. Future Financial Wealth Managment LLC bought a new position in Delta Air Lines during the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines in the third quarter valued at approximately $31,000. Kimelman & Baird LLC purchased a new position in Delta Air Lines in the second quarter worth $31,000. Unique Wealth Strategies LLC acquired a new position in shares of Delta Air Lines during the second quarter worth $40,000. Finally, Quarry LP acquired a new stake in shares of Delta Air Lines in the 2nd quarter worth $41,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DAL. Bank of America boosted their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. UBS Group reissued a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday. Susquehanna raised their target price on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average target price of $75.83.

Insider Activity

In other news, EVP Joanne D. Smith sold 3,431 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. This trade represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the sale, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. This represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock worth $8,044,893 over the last quarter. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Trading Down 0.6 %

Shares of NYSE:DAL opened at $64.14 on Wednesday. The business’s 50 day moving average price is $55.74 and its 200-day moving average price is $49.27. Delta Air Lines, Inc. has a 1 year low of $35.46 and a 1 year high of $66.25. The firm has a market capitalization of $41.39 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 1.20 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 (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.03 earnings per share. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.94%. Delta Air Lines’s dividend payout ratio (DPR) is currently 8.33%.

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.