XTX Topco Ltd Purchases 8,402 Shares of Delta Air Lines, Inc. (NYSE:DAL)

XTX Topco Ltd boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 31.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,782 shares of the transportation company’s stock after acquiring an additional 8,402 shares during the period. XTX Topco Ltd’s holdings in Delta Air Lines were worth $1,767,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DAL. CWM LLC increased its holdings in Delta Air Lines by 4.2% during the 2nd quarter. CWM LLC now owns 18,625 shares of the transportation company’s stock valued at $884,000 after purchasing an additional 754 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Delta Air Lines by 43.3% during the second quarter. QRG Capital Management Inc. now owns 48,133 shares of the transportation company’s stock valued at $2,283,000 after acquiring an additional 14,539 shares in the last quarter. Keystone Wealth Services LLC purchased a new stake in Delta Air Lines in the second quarter worth $230,000. Czech National Bank boosted its holdings in Delta Air Lines by 9.1% in the second quarter. Czech National Bank now owns 122,970 shares of the transportation company’s stock valued at $5,834,000 after acquiring an additional 10,299 shares in the last quarter. Finally, RFG Advisory LLC increased its position in Delta Air Lines by 9.9% during the 2nd quarter. RFG Advisory LLC now owns 25,439 shares of the transportation company’s stock valued at $1,207,000 after purchasing an additional 2,297 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on DAL. Sanford C. Bernstein raised their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Citigroup raised their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America upped their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, UBS Group reaffirmed a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $75.83.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 3.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at $6,739,564.86. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,240 shares of company stock worth $8,044,893. Insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

DAL opened at $64.53 on Friday. The firm has a market cap of $41.64 billion, a PE ratio of 8.96, a P/E/G ratio of 1.22 and a beta of 1.35. The stock has a 50-day moving average price of $58.22 and a 200-day moving average price of $49.92. Delta Air Lines, Inc. has a 1 year low of $36.34 and a 1 year high of $67.50. 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 (NYSE:DAL) last released its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The firm had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.03 earnings per share. Sell-side analysts predict that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.93%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

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.