Delta Air Lines, Inc. $DAL Shares Purchased by Patient Capital Management LLC

Patient Capital Management LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 17.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 899,700 shares of the transportation company’s stock after buying an additional 131,432 shares during the quarter. Delta Air Lines makes up about 2.0% of Patient Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Patient Capital Management LLC owned about 0.14% of Delta Air Lines worth $44,247,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DAL. Foundations Investment Advisors LLC lifted its position in Delta Air Lines by 2.6% in the 2nd quarter. Foundations Investment Advisors LLC now owns 7,844 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 196 shares during the last quarter. JT Stratford LLC increased its stake in shares of Delta Air Lines by 1.2% in the first quarter. JT Stratford LLC now owns 16,403 shares of the transportation company’s stock valued at $715,000 after purchasing an additional 200 shares during the period. Nwam LLC increased its stake in shares of Delta Air Lines by 3.1% in the second quarter. Nwam LLC now owns 7,042 shares of the transportation company’s stock valued at $377,000 after purchasing an additional 212 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Delta Air Lines by 26.9% during the second quarter. First Horizon Advisors Inc. now owns 1,028 shares of the transportation company’s stock valued at $51,000 after buying an additional 218 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of Delta Air Lines by 14.7% during the second quarter. Sound Income Strategies LLC now owns 1,911 shares of the transportation company’s stock worth $94,000 after buying an additional 245 shares during the period. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In related news, EVP John E. Laughter sold 23,323 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the transaction, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. This trade represents a 22.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the transaction, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This represents a 46.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on DAL. HSBC lifted their target price on Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a research note on Friday, October 10th. UBS Group lifted their price objective on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Wall Street Zen raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Seaport Global Securities raised their target price on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, September 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company’s stock. According to MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $71.68.

View Our Latest Research Report on Delta Air Lines

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $64.29 on Friday. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The stock has a market cap of $41.98 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. The company’s 50-day moving average price is $58.81 and its two-hundred day moving average price is $55.67.

Delta Air Lines (NYSE:DAL – Get Free Report) last released its earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The business had revenue of $8.40 billion for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.2%. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.56%.

Delta Air Lines Company Profile

(Free Report)

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.

See Also

• Five stocks we like better than Delta Air Lines
• Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
• How Semtech’s Data Center Chips Are Powering the AI Boom
• Want to Profit on the Downtrend? Downtrends, Explained.
• Keysight Technologies’ Surge: The Market Wakes Up to This AI Play
• What is the MACD Indicator and How to Use it in Your Trading
• Is American Express the Credit Stock For a K-Shaped Economy?

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL – Free Report).