GSA Capital Partners LLP Takes $517,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

GSA Capital Partners LLP acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,187 shares of the transportation company's stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Versor Investments LP acquired a new stake in shares of Delta Air Lines in the third quarter valued at approximately $1,052,000. Ashton Thomas Securities LLC acquired a new position in Delta Air Lines in the 3rd quarter valued at $31,000. Crossmark Global Holdings Inc. raised its holdings in Delta Air Lines by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company's stock valued at $13,644,000 after acquiring an additional 13,802 shares in the last quarter. Baker Avenue Asset Management LP bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at $228,000. Finally, Assetmark Inc. grew its holdings in shares of Delta Air Lines by 68.1% during the 3rd quarter. Assetmark Inc. now owns 3,006 shares of the transportation company's stock worth $153,000 after purchasing an additional 1,218 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Activity at Delta Air Lines

In related news, EVP Alain Bellemare sold 19,490 shares of the business's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the transaction, the executive vice president now owns 121,961 shares in the company, valued at $6,739,564.86. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the company's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the sale, the executive vice president now directly owns 108,990 shares in the company, valued at $5,499,635.40. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock worth $8,044,893 over the last ninety days. Insiders own 0.96% of the company's stock.

Delta Air Lines Trading Up 2.4 %

DAL opened at $64.76 on Wednesday. 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, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $66.25. The company's 50 day moving average price is $53.88 and its two-hundred day moving average price is $48.88. The firm has a market capitalization of $41.79 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 1.22 and a beta of 1.33.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.03 EPS. As a group, research analysts predict that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Thursday, October 10th. Delta Air Lines's dividend payout ratio is currently 8.33%.

Analyst Ratings Changes

DAL has been the subject of a number of analyst reports. Susquehanna boosted their price target on Delta Air Lines from $50.00 to $59.00 and gave the company a "positive" rating in a research note on Wednesday, October 9th. Bank of America upped their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, October 11th. BNP Paribas raised shares of Delta Air Lines to a "strong-buy" rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. upped their target price on Delta Air Lines from $68.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Finally, TD Cowen lifted their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $71.22.

Delta Air Lines Company 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.