Machina Capital S.A.S. Takes $953,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Machina Capital S.A.S. bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,797 shares of the transportation company’s stock, valued at approximately $953,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DAL. Comerica Securities Inc. bought a new position in Delta Air Lines in the 4th quarter worth approximately $200,000. Dimensional Fund Advisors LP raised its position in Delta Air Lines by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock worth $389,356,000 after purchasing an additional 50,255 shares during the last quarter. Geode Capital Management LLC raised its position in Delta Air Lines by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock worth $386,658,000 after purchasing an additional 532,550 shares during the last quarter. Macquarie Group Ltd. raised its position in Delta Air Lines by 13.8% in the 4th quarter. Macquarie Group Ltd. now owns 219,225 shares of the transportation company’s stock worth $10,939,000 after purchasing an additional 26,500 shares during the last quarter. Finally, FMR LLC raised its position in Delta Air Lines by 30.9% in the 4th quarter. FMR LLC now owns 9,742,670 shares of the transportation company’s stock worth $486,161,000 after purchasing an additional 2,298,101 shares during the last quarter. 87.74% of the stock is owned by institutional investors and hedge funds.

In other news, President Glen W. Hauenstein sold 50,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $63.03, for a total value of $3,151,500.00. Following the completion of the transaction, the president now owns 267,526 shares of the company’s stock, valued at approximately $16,862,163.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael P. Huerta sold 1,010 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $54.33, for a total transaction of $54,873.30. Following the completion of the transaction, the director now directly owns 5,670 shares of the company’s stock, valued at approximately $308,051.10. The disclosure for this sale can be found here. Insiders sold a total of 93,288 shares of company stock valued at $5,753,311 in the last three months. 0.47% of the stock is owned by company insiders.

A number of analysts have commented on the stock. Imperial Capital lowered their target price on shares of Montage Resources from $9.00 to $6.00 and set an “inline” rating for the company in a report on Wednesday, July 10th. Stifel Nicolaus lifted their target price on shares of Rapid7 from $52.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Wolfe Research set a $69.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Friday, July 12th. Citigroup lifted their target price on shares of Vistra Energy from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Buckingham Research lowered their target price on shares of Fastenal from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $67.56.

DAL traded down $1.01 during trading on Wednesday, reaching $61.62. 1,360,747 shares of the company’s stock were exchanged, compared to its average volume of 6,527,357. The firm has a fifty day moving average of $59.02. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.34 and a quick ratio of 0.29. Delta Air Lines, Inc. has a fifty-two week low of $45.08 and a fifty-two week high of $63.44. The firm has a market cap of $40.43 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 0.49 and a beta of 1.18.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.07. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The company had revenue of $12.54 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same quarter in the previous year, the business earned $1.77 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.03 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th will be issued a $0.4025 dividend. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $1.61 annualized dividend and a dividend yield of 2.61%. Delta Air Lines’s payout ratio is 28.50%.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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