Banque Cantonale Vaudoise Sells 17,132 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Banque Cantonale Vaudoise lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 54.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,394 shares of the transportation company's stock after selling 17,132 shares during the quarter. Banque Cantonale Vaudoise's holdings in Delta Air Lines were worth $731,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in shares of Delta Air Lines by 5.0% in the first quarter. Bessemer Group Inc. now owns 24,373 shares of the transportation company's stock valued at $1,166,000 after buying an additional 1,156 shares during the period. Lake Street Advisors Group LLC bought a new stake in shares of Delta Air Lines in the 1st quarter worth approximately $227,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of Delta Air Lines by 1.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 178,851 shares of the transportation company's stock worth $8,564,000 after purchasing an additional 2,907 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Delta Air Lines by 8.5% during the first quarter. Advisors Asset Management Inc. now owns 29,348 shares of the transportation company's stock valued at $1,405,000 after purchasing an additional 2,311 shares during the period. Finally, Toronto Dominion Bank lifted its position in Delta Air Lines by 7.7% in the first quarter. Toronto Dominion Bank now owns 318,388 shares of the transportation company's stock worth $15,241,000 after purchasing an additional 22,799 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the completion of the sale, the senior vice president now owns 19,756 shares of the company's stock, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alain Bellemare sold 19,490 shares of Delta Air Lines stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the transaction, the executive vice president now directly owns 121,961 shares in the company, valued at approximately $6,739,564.86. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock worth $8,044,893 in the last three months. Insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Susquehanna lifted their price objective on Delta Air Lines from $50.00 to $59.00 and gave the company a "positive" rating in a report on Wednesday, October 9th. Jefferies Financial Group increased their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, JPMorgan Chase & Co. upped their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $72.75.

Delta Air Lines Stock Performance

Shares of NYSE DAL remained flat at $63.34 during trading on Friday. 6,253,340 shares of the company's stock were exchanged, compared to its average volume of 9,385,373. Delta Air Lines, Inc. has a one year low of $35.46 and a one year high of $66.25. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The business's 50 day moving average is $55.01 and its 200 day moving average is $49.15. The stock has a market cap of $40.87 billion, a PE ratio of 8.80, a PEG ratio of 1.23 and a beta of 1.33.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $15.68 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.03 EPS. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.07 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines's dividend payout ratio (DPR) is currently 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.