Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,501,936 shares of the transportation company's stock after buying an additional 416,338 shares during the period. Geode Capital Management LLC owned 2.40% of Delta Air Lines worth $789,452,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DAL. Sanders Capital LLC lifted its stake in shares of Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the period. Dimensional Fund Advisors LP increased its stake in Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company's stock valued at $471,330,000 after purchasing an additional 1,105,674 shares during the last quarter. Pzena Investment Management LLC purchased a new position in Delta Air Lines during the third quarter worth about $281,206,000. Castle Hook Partners LP acquired a new stake in Delta Air Lines in the 3rd quarter worth about $189,296,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Delta Air Lines by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company's stock valued at $177,637,000 after buying an additional 10,332 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Stock Down 2.9 %

Shares of DAL stock traded down $1.85 on Thursday, hitting $61.63. The stock had a trading volume of 7,952,970 shares, compared to its average volume of 9,231,880. Delta Air Lines, Inc. has a 52-week low of $36.34 and a 52-week high of $67.50. The firm has a market capitalization of $39.77 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 1.23 and a beta of 1.35. 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's 50 day moving average is $59.00 and its 200-day moving average is $50.16.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results 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 business had revenue of $15.68 billion for the quarter, compared to analysts' expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 earnings per share. As a group, research analysts expect that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines's dividend payout ratio (DPR) is currently 8.33%.

Insider Transactions at Delta Air Lines

In related news, CEO Edward H. Bastian sold 68,000 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 19,756 shares of the company's stock, valued at approximately $1,197,608.72. The trade was a 52.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Susquehanna raised their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a "positive" rating in a research report on Wednesday, October 9th. BNP Paribas upgraded shares of Delta Air Lines to a "strong-buy" rating in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Jefferies Financial Group lifted their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a report on Monday, November 11th. Finally, Sanford C. Bernstein upped their price target 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. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $75.83.

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.