Carson Advisory Inc. Sells 9,172 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Carson Advisory Inc. decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 24.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,094 shares of the transportation company's stock after selling 9,172 shares during the quarter. Delta Air Lines accounts for approximately 0.9% of Carson Advisory Inc.'s investment portfolio, making the stock its 26th biggest holding. Carson Advisory Inc.'s holdings in Delta Air Lines were worth $1,427,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of Delta Air Lines in the third quarter worth about $25,000. Kimelman & Baird LLC purchased a new stake in Delta Air Lines in the 2nd quarter valued at about $31,000. Strategic Financial Concepts LLC purchased a new stake in shares of Delta Air Lines during the second quarter worth $36,000. Unique Wealth Strategies LLC purchased a new position in shares of Delta Air Lines in the 2nd quarter valued at $40,000. Finally, Quarry LP acquired a new stake in shares of Delta Air Lines during the second quarter worth about $41,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Up 1.0 %

Delta Air Lines stock traded up $0.62 during mid-day trading on Friday, reaching $61.05. The stock had a trading volume of 4,646,339 shares, compared to its average volume of 9,450,175. The stock's 50-day simple moving average is $50.87 and its 200-day simple moving average is $48.21. Delta Air Lines, Inc. has a fifty-two week low of $33.31 and a fifty-two week high of $62.66. 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 firm has a market capitalization of $39.39 billion, a PE 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 released its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). The business had revenue of $15.68 billion during 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 business's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.03 earnings per share. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.12 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. Delta Air Lines's dividend payout ratio (DPR) is presently 8.33%.

Insider Buying and Selling

In related news, EVP Joanne D. Smith sold 3,431 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total transaction of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at $5,499,635.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Alain Bellemare sold 19,490 shares of the business's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the transaction, the executive vice president now directly owns 121,961 shares of the company's stock, valued at $6,739,564.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares of the company's stock, valued at approximately $5,499,635.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,710 shares of company stock worth $6,739,745. Corporate insiders own 0.96% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on DAL. Barclays increased their price target on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Jefferies Financial Group boosted their target price on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Susquehanna upped their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a "positive" rating in a report on Wednesday, October 9th. Sanford C. Bernstein increased their price objective on Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $65.40.

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.