Crossmark Global Holdings Inc. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,636 shares of the transportation company's stock after purchasing an additional 13,802 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Delta Air Lines were worth $13,644,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DAL. Senator Investment Group LP increased its stake in Delta Air Lines by 90.0% in the 2nd quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company's stock valued at $22,534,000 after purchasing an additional 225,000 shares in the last quarter. Olstein Capital Management L.P. increased its position in shares of Delta Air Lines by 32.6% in the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company's stock valued at $8,888,000 after buying an additional 43,000 shares in the last quarter. River Road Asset Management LLC raised its stake in shares of Delta Air Lines by 22.8% during the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company's stock worth $6,634,000 after buying an additional 24,249 shares during the last quarter. abrdn plc boosted its position in shares of Delta Air Lines by 36.0% in the 3rd quarter. abrdn plc now owns 135,098 shares of the transportation company's stock worth $6,859,000 after buying an additional 35,792 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in Delta Air Lines in the 1st quarter valued at about $907,000. Institutional investors and hedge funds own 69.93% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Barclays upped their target price on Delta Air Lines from $52.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. BNP Paribas raised Delta Air Lines to a "strong-buy" rating in a research report on Thursday, September 19th. TD Cowen dropped their price objective on Delta Air Lines from $61.00 to $59.00 and set a "buy" rating for the company in a research report on Wednesday, July 17th. Finally, Bank of America lifted their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $65.40.
Get Our Latest Analysis on DAL
Delta Air Lines Stock Performance
Shares of Delta Air Lines stock traded up $0.62 during trading hours on Friday, reaching $61.05. The company's stock had a trading volume of 4,646,339 shares, compared to its average volume of 9,450,175. Delta Air Lines, Inc. has a one year low of $33.31 and a one year high of $62.66. The company's 50 day simple moving average is $50.87 and its 200 day simple moving average is $48.20. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The stock has a market cap of $39.39 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its 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). The company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.03 earnings per share. As a group, analysts expect that Delta Air Lines, Inc. will post 6.12 EPS for the current fiscal year.
Delta Air Lines Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, October 10th. Delta Air Lines's payout ratio is currently 8.33%.
Insider Transactions at Delta Air Lines
In other news, EVP Steven M. Sear sold 10,279 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.72, for a total transaction of $603,582.88. Following the transaction, the executive vice president now owns 78,459 shares in the company, valued at approximately $4,607,112.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Steven M. Sear sold 10,279 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $58.72, for a total value of $603,582.88. Following the transaction, the executive vice president now directly owns 78,459 shares of the company's stock, valued at approximately $4,607,112.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 68,000 shares of the company's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the sale, the chief executive officer now directly owns 439,819 shares of the company's stock, valued at $24,775,004.27. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,710 shares of company stock valued at $6,739,745 in the last three months. Corporate insiders own 0.96% of the company's stock.
Delta Air Lines 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.
Further Reading
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