SWP Investment Management LLC Has $3.18 Million Position in Delta Air Lines, Inc. $DAL

SWP Investment Management LLC lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 45.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,930 shares of the transportation company’s stock after purchasing an additional 10,630 shares during the period. Delta Air Lines accounts for about 2.2% of SWP Investment Management LLC’s portfolio, making the stock its 20th biggest position. SWP Investment Management LLC’s holdings in Delta Air Lines were worth $3,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lloyd Advisory Services LLC. bought a new position in Delta Air Lines in the 4th quarter valued at about $31,000. Camelot Portfolios LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at about $34,000. Cornerstone Planning Group LLC lifted its position in shares of Delta Air Lines by 451.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 429 shares in the last quarter. Atlas Wealth LLC purchased a new position in Delta Air Lines during the first quarter worth about $35,000. Finally, Main Street Group LTD purchased a new position in Delta Air Lines during the first quarter worth about $36,000. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DAL shares. Wolfe Research dropped their target price on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Cantor Fitzgerald set a $112.00 target price on shares of Delta Air Lines in a research report on Tuesday, July 14th. Evercore lifted their target price on shares of Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Morgan Stanley boosted their price target on shares of Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $106.00 price target on shares of Delta Air Lines in a research note on Monday, July 13th. Twenty-three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $100.40.

Delta Air Lines Stock Up 4.8%

DAL stock opened at $91.60 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $60.24 billion, a PE ratio of 15.19, a PEG ratio of 1.10 and a beta of 1.31. Delta Air Lines, Inc. has a twelve month low of $51.23 and a twelve month high of $95.68. The stock has a 50-day simple moving average of $85.60 and a two-hundred day simple moving average of $74.30.

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

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were issued a dividend of $0.215 per share. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a yield of 0.9%. Delta Air Lines’s payout ratio is currently 14.26%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. This trade represents a 20.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Allison C. Ausband sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total transaction of $395,000.00. Following the transaction, the executive vice president owned 133,854 shares of the company’s stock, valued at $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,331 shares of company stock worth $5,036,638 over the last quarter. Corporate insiders own 0.80% of the company’s stock.

About Delta Air Lines

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.