Townsquare Capital LLC Buys 1,143 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Townsquare Capital LLC boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,735 shares of the transportation company’s stock after purchasing an additional 1,143 shares during the period. Townsquare Capital LLC’s holdings in Delta Air Lines were worth $2,272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in Delta Air Lines in the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $31,000. Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $31,000. Unique Wealth Strategies LLC bought a new stake in shares of Delta Air Lines in the second quarter worth $40,000. Finally, Quarry LP acquired a new position in Delta Air Lines during the second quarter worth $41,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DAL. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Susquehanna increased their price target on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Bank of America upped their price objective on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, TD Cowen boosted their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $75.83.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the 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 transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the completion of the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. The trade was a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 140,240 shares of company stock worth $8,044,893. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $63.82 on Friday. Delta Air Lines, Inc. has a 52 week low of $36.19 and a 52 week high of $66.25. The company has a market capitalization of $41.18 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 1.21 and a beta of 1.33. The company has a 50-day simple moving average of $56.75 and a 200 day simple moving average of $49.52. 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 issued its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) 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 return on equity of 29.93% and a net margin of 7.71%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 EPS. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a $0.15 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. Delta Air Lines’s payout ratio is presently 8.33%.

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.