GSA Capital Partners LLP Makes New $517,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

GSA Capital Partners LLP purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,187 shares of the transportation company’s stock, valued at approximately $517,000.

Other large investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines in the 3rd quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at about $31,000. Kimelman & Baird LLC bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at about $31,000. Unique Wealth Strategies LLC bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at about $40,000. Finally, Quarry LP bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at about $41,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 2.4 %

Shares of Delta Air Lines stock opened at $64.76 on Wednesday. The company has a 50-day simple moving average of $53.88 and a two-hundred day simple moving average of $48.88. Delta Air Lines, Inc. has a 52-week low of $35.46 and a 52-week high of $66.25. The stock has a market capitalization of $41.79 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 1.22 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 (NYSE:DAL) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the prior year, the firm earned $2.03 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, analysts anticipate that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

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

Wall Street Analyst Weigh In

DAL has been the topic of a number of research reports. Bank of America lifted their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Sanford C. Bernstein lifted their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Susquehanna lifted their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. Finally, TD Cowen lifted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average target price of $71.22.

Insider Transactions at Delta Air Lines

In related news, SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This trade represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock worth $8,044,893 over the last three months. 0.96% of the stock is currently owned by company insiders.

About Delta Air Lines

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.