Baader Bank Aktiengesellschaft Makes New Investment in Delta Air Lines, Inc. $DAL

Baader Bank Aktiengesellschaft acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the first quarter, Holdings Channel reports. The firm acquired 11,890 shares of the transportation company’s stock, valued at approximately $790,000.

A number of other hedge funds have also modified their holdings of the stock. Lloyd Advisory Services LLC. bought a new stake in Delta Air Lines in the fourth quarter valued at $31,000. Camelot Portfolios LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $34,000. Byrne Asset Management LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $35,000. Beacon Financial Strategies CORP acquired a new stake in shares of Delta Air Lines during the 4th quarter worth about $36,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Delta Air Lines by 451.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock worth $34,000 after purchasing an additional 429 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Trading Up 0.1%

DAL opened at $84.61 on Wednesday. Delta Air Lines, Inc. has a 1-year low of $50.44 and a 1-year high of $95.68. The stock has a market capitalization of $55.64 billion, a PE ratio of 14.03, a PEG ratio of 1.04 and a beta of 1.29. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $83.04 and a two-hundred day moving average price of $73.29.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. The business had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. Delta Air Lines’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.10 earnings per share. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 6.66 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be given a $0.215 dividend. The ex-dividend date is Thursday, July 9th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Delta Air Lines’s dividend payout ratio is 14.26%.

Insider Activity

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of Delta Air Lines from $85.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Jefferies Financial Group raised their price objective on shares of Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Evercore lifted their target price on shares of Delta Air Lines from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Morgan Stanley boosted their target price on Delta Air Lines from $115.00 to $125.00 and gave the stock an “overweight” rating in a 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 report on Monday, July 13th. Twenty-three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.40.

Delta Air Lines Profile

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.