Versor Investments LP Invests $1.05 Million in Delta Air Lines, Inc. (NYSE:DAL)

Versor Investments LP purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 20,716 shares of the transportation company's stock, valued at approximately $1,052,000.

Several other institutional investors have also made changes to their positions in the company. Armstrong Advisory Group Inc. lifted its holdings in shares of Delta Air Lines by 13.8% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company's stock valued at $84,000 after buying an additional 200 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Delta Air Lines by 16.9% in the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company's stock valued at $72,000 after acquiring an additional 204 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Delta Air Lines by 4.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company's stock valued at $276,000 after acquiring an additional 221 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Delta Air Lines by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company's stock valued at $229,000 after acquiring an additional 239 shares in the last quarter. Finally, Waldron Private Wealth LLC raised its stake in shares of Delta Air Lines by 5.4% in the 3rd quarter. Waldron Private Wealth LLC now owns 4,816 shares of the transportation company's stock valued at $245,000 after acquiring an additional 248 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Joanne D. Smith sold 3,431 shares of the business's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares in the company, valued at $5,499,635.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP William C. Carroll sold 21,530 shares of the company's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares of the company's stock, valued at $1,197,608.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction on 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock worth $8,044,893 in the last 90 days. Insiders own 0.96% of the company's stock.

Delta Air Lines Stock Performance

Shares of NYSE DAL traded up $0.50 during trading hours on Tuesday, reaching $64.06. 6,594,870 shares of the stock were exchanged, compared to its average volume of 9,410,289. The firm has a market capitalization of $41.34 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 1.15 and a beta of 1.33. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. Delta Air Lines, Inc. has a 52 week low of $33.69 and a 52 week high of $64.11. The stock's fifty day simple moving average is $51.29 and its 200 day simple moving average is $48.30.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter last year, the business earned $2.03 EPS. Delta Air Lines's revenue was up 1.2% on a year-over-year basis. Sell-side analysts predict that Delta Air Lines, Inc. will post 6.12 EPS for the current year.

Delta Air Lines Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Bank of America raised their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, October 11th. BNP Paribas upgraded Delta Air Lines to a "strong-buy" rating in a research report on Thursday, September 19th. Jefferies Financial Group boosted their price target on Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a research note on Monday. Barclays boosted their price target on Delta Air Lines from $52.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Finally, Sanford C. Bernstein boosted their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines has an average rating of "Buy" and a consensus price target of $67.73.

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.